Times they are a-changing and not for the better

November 14, 2010 | 20plus30 Accouting |

Older Brits are not the only ones who are in a mess. Our American cousins should have a read of “The failure of the 401(k)”. How about this for an opening sentence: “The retirement security of American families has crumbled in the past generation. Workers retiring in the next 20 years can expect to receive only 65 percent during retirement of what they made during their working years, a drop of 16 percent from their parents.” And then the bad news really starts.