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View Diary: Social Security is doomed, what are you doing to prepare? (57 comments)

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  •  Yeah in 1935 all workers had pension plans. Not. (1+ / 0-)
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    Pension plans as we know them are mostly post-war and so a decade plus past the Social Security Act of 1935.

    SocSec dot.Defender at - founder DK Social Security Defenders Group

    by Bruce Webb on Tue Dec 17, 2013 at 08:59:53 PM PST

    [ Parent ]

    •  "All" Workers (0+ / 0-)

      And even then, probably no more than 50% ever really had a traditional defined benefit pension.

      Not too many waiters or store clerks, or farmers, or taxi drivers or haberdashers ever had pensions.

      This is still true today even as the dominant form of pensions has changed to defined contribution plans (e.g 401k's)..

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