Oh, the ownership society. Where each of us is free to get rich on our own without any of that pesky security that comes from having a stable pension. Where we get to supplement our inadequate incomes
by draining the accounts that are supposed to provide for us in our retirement:
More than one in four American workers with 401(k) and other retirement savings accounts use them to pay current expenses, new data show. The withdrawals, cash-outs and loans drain nearly a quarter of the $293 billion that workers and employers deposit into the accounts each year, undermining already shaky retirement security for millions of Americans.
Isn't it great?
And more:
- How you get to a school that education officials rate highly even as it fails.
- Cutting out the Starbucks run will not fatten your bank account like personal finance "experts" tell you.
- Remember the Maine labor history mural that buffoon Gov. Paul LePage had removed from the state's Department of Labor? It's now back on public display, at the Maine State Museum.
- A Washington, D.C., principal walked in on what appeared to be staff changing student answers on a test. She reported it to officials. It wasn't investigated.
- I don't know what is the least stressful job in the country, but this CareerCast explanation of why college professor is supposedly the least stressful is ludicrous. CareerCast claims that there's ample demand for college professors, that they're highly paid, and that they have long vacations and short work hours. There may be a lot of demand for adjunct professors, but they're typically paid very little and have to teach a whole lot of classes to make a living. People with tenure-track jobs, meanwhile, may (or may not) spend less time in the classroom, but the less time they're in the classroom, the higher the expectations for their research. And if you think the time spent in the classroom is a meaningful fraction of the work hours a college professor puts in, you've got no business writing about careers. The Harvard professors cited for their high wages, meanwhile, represent a tiny fraction of the people in the profession. So basically, if you ever come across a claim from CareerCast, dismiss it.