Black Agenda Report
Black Agenda Report
News, commentary and analysis from the black left.

  • Home
  • Africa
  • African America
  • Education
  • Environment
  • International
  • Media and Culture
  • Political Economy
  • Radio
  • US Politics
  • War and Empire

Those Ever-Shrinking 401Ks and the Theft of Retirement Security
21 Dec 2011
🖨️ Print Article

For most of the 20th century, until the 1980s, each generation of retirees had a somewhat higher standard of living than the last.  With the Reagan era advent of federal policies encouraging private employers to raid and discontinue defined benefit pensions, that trend stopped.  The current generation of retirees are discovering that their 401Ks are almost never sufficient to allow a dignified retirement.  They've been robbed.  401Ks are subject to the stock market, which favors insiders, and financial managers and the retirement-industrial complex extract as much as a quarter of all 401K savings in parasitic fees.  In this Against the Grain interview James Russell explains why Wall Street loves privatized and individual retirement accounts, and hates defined beneift pensions and social security,



Your browser does not support the audio element.

listen
http://www.againstthegrain.org/files/files/atg/atg_2014.11.12_401ks.mp3

More Stories


  • Nicaragua
    Becca Renk Foster
    Nicaragua to Raise Its Voice for Palestine in Another Landmark Case at the ICJ
    04 Aug 2026
    Against the backdrop of Israel’s renewed attacks on Palestine, the World Court is set to hold public hearings in September on Nicaragua’s legal proceedings against Germany for aiding and abetting…
  • BAR Radio Logo
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Report July 31, 2026
    31 Jul 2026
    In this week’s segment, we talk to Kshama Sawant, a socialist congressional candidate in Washington state, but we begin with a discussion of the Trump administration’s red scare and state repressio
  • Dr. CBS
    Black Agenda Radio with Margaret Kimberley
    Dr. CBS on Trump's Black/Red Scare
    31 Jul 2026
    The U.S. Department of State released "Cuba: The Capital of 21st Century Communism," which justifies the genocidal siege against that country while also attempting to criminalize leftist organizing.…
  • Kshama Sawant
    Black Agenda Radio with Margaret Kimberley
    Kshama Sawant, Socialist Candidate for Congress
    31 Jul 2026
    Kshama Sawant is a former Seattle, Washington City Council Member best known for her role in raising the minimum wage to $21 per hour, the highest in the nation. She is now running for Congress in…
  • Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Venezuela, Memory, and the Long Arc of U.S. Imperialism
    29 Jul 2026
    Memories of a sovereign Venezuela collide with the reality that it is now a U.S. vassal state.
  • Load More
Subscribe
connect with us
about us
contact us