... only 22 percent of workers 55 or older have more than $250,000 put away for retirement. Stunningly, 60 percent of workers in that same age bracket have less than $100,000 in a retirement account. Ghilarducci told me that the average savings for someone near retirement in America right now is $100,000.
So how do you think our current approach to things is working out for the average person?
And whose interests is our system designed to serve?
And why are we not more interested in learning enough about it to see what needs to be changed?
Readers of this blog know where I've found the answers I find most satisfying: the writings and ideas associated with Henry George. As I work my way around the wide collection of books and journals Google Books has put on line from the 1880 to 1920 period, I continue to be amazed at how widely known and understood George's ideas were during that period; they were the context of a wide range of discussions. Our great grandparents knew these ideas, and it is too bad that so few in our generation know them well enough to share them with the 99% who are looking for a better structure.