A race to the bottom?

New Census Bureau data released earlier this week shows that more Americans are living in poverty now than at any time since 1993. While an increase might be understandable, given the uncertain economy, the numbers are still staggering. An estimated one in six Americans, or 15.1 percent of the population, is living in poverty. That translates to 46.2 million people – the highest number in 52 years.

As defined by the Census Bureau, the poverty threshold for a family of four in 2010 is $22,114 a year. However, as we’ve noted before, these numbers probably understate the true level of poverty in this country. In any event, if such a high percentage of the population is living in poverty, prospects for a secure retirement look pretty bleak for far too many Americans.

The new poverty figures come on the heels of news reports describing the ways that companies are cutting back on the salaries and benefits they provide to their employees. 

A recent New York Times article highlights a two-tier pay scale that has been implemented by Detroit’s Big Three automakers, in which new hires receive lower pay and benefits than long-time employees. Embraced by the automakers, these new wage scales have been lauded for helping the automakers return to profitability. But, for the workers on the lower end of the wage scale, the road to profitability isn’t as clear. According to the article:

Some benefits for the lower-tier workers are scaled back as well. They get the union’s traditional medical benefits, but a maximum of four weeks paid time off a year, versus five for the longtime workers. And instead of the guaranteed $3,100-a-month pension a full-paid worker receives after age 60, the new hires have to build their own “personal retirement plan” based on contributions from the company of less than $2,000 a year.

This “new personal retirement plan” places the burden of preparing for retirement on the backs of the very workers who are helping the automakers emerge from the brink of financial ruin.  Cutting pensions doesn’t make sense at a time in which the poverty rate for a family of four is at the highest it has been in 28 years.

The retirement security provided by a lifetime, guaranteed pension does more than just supplement income in retirement. Pensions lift people out of poverty.  People without pensions are more likely to live in poverty than those who have them.

 A report released earlier this year by the National Institute on Retirement Security states that “more than one-third of households that rely only on individual accounts plans will have income either below or near the poverty line. 

In a hearing on Tuesday, Senator Bernie Sanders (I-VT) noted that the United States has the highest overall poverty rate of any major industrialized country on earth, according to the Organization for Economic Cooperation and Development. With fewer companies offering traditional pensions and 401(k) plans proving to be inadequate, we are going to have to do something to address the retirement income crisis in this country.  Otherwise, the poverty rate is only going to get worse.

This blog entry was written by the Pension Rights Center's Joellen Leavelle and is cross-posted on the Pension Rights Center's PRC Perspectives blog.

Comments

xudada

lululemon headbands louis vuitton uggs on sale burberry handbags coach factory outlet louis vuitton outlet adidas outlet store canada goose jacket uggs outlet mont blanc mountain coach outlet coach outlet store online christian louboutin sale louis vuitton outlet canada goose sale burberry outlet stores tory burch boots ugg australia celine handbags ugg outlet burberry outlet red bottom shoes true religion louis vuitton louis vuitton canada goose jackets lv bags christian louboutin shoes timberland canada michael kors handbags christian louboutin shoes mont blanc legend true religion sale the north face cheap uggs tory burch outlet ray ban eyeglasses gucci factory outlet hollister jeans fitflops outlet timberland canada hollister clothing store jordan 11 snakeskin michael kors outlet sale coach outlet soccer jerseys michael kors outlet louis vuitton handbags louis vuitton purses mont blanc pens coach outlet polo outlet christian louboutin shoes gucci outlet jerseys wholesale burberry handbags louis vuitton ray ban aviators uggs for women jordan 11 michael kors outlet tory burch handbags cheap nfl jerseys nike free run burberry outlet cheap oakleys tory burch outlet online ugg boots clearance coach factory ugg boots rolex watches outlet hollister clothing store abercrombie hollister clothing jordan retro 11 ugg boots clearance michael kors handbags coach outlet tod's outlet timberland boots for men oakley sunglasses discount gucci outlet online timberland outlet ugg outlet michael kors outlet abercrombie store jordan 6 rings uggs for women michael kors outlet online sale canada goose jackets lebron james shoes for sale louis vuitton bags coach outlet store online ugg boots canada goose outlet stores kobe bryant shoes 2015 coach factory outlet online ugg boots true religion outlet tod's shoes coach outlet store canada goose outlet abercrombie and fitch abercrombie burberry handbags uggs outlet true religion kids ray bans belstaff michael kors outlet ralph lauren beats headphones nfl jerseys oakley sunglasses cheap oakleys p90x workouts red christian louboutin hollister abercrombie outlet retro jordans fitflop louis vuitton handbags uggs for women coach outlet ugg boots moncler ralph lauren home michael kors handbags burberry handbags fitflop footwear coach factory outlet burberry handbags cheap nfl jerseys abercrombie and fitch adidas running shoes concord 11 soccer jerseys oakley sunglasses timberland pro burberry sale ugg boots burberry uk cheap uggs canada goose outlet christian louboutin outlet michael kors handbags timberland canada hermes belts www.louisvuitton.com fendi bags ugg australia gucci bags louis vuitton ralph lauren bedding adidas wings cheap toms michael kors outlet online burberry uk jordan shoes jordan retro 11 gucci handbags nfl jerseys louis vuitton outlet oakley sunglasses ray ban outlet cheap uggs chanel outlet michael kors outlet coach outlet store online hollister outlet jordan 11s guess outlet ghd flat iron christian louboutin outlet toms outlet kobe bryant shoes for kids hollister tory burch outlet polo ralph lauren hollister burberry bags knockoff watches ugg boots louis vuitton mont blanc pens christian louboutin outlet louis vuitton handbags moncler timberland outlet michael kors outlet online sale canada goose outlet online gucci outlet oakley sunglasses outlet cheap oakley sunglasses polo outlet michael kors outlet online oakley sunglasses cheap ugg australia uggs outlet louis vuitton handbags coach purses coach outlet online toms outlet michael kors outlet online insanity workout chanel purses hollister clothing store replica watches coach factory outlet oakley sunglasses outlet canada goose outlet ugg boots tory burch handbags oakley sunglasses retro jordans 13 rayban sunglasses louis vuitton white timberland boots burberry sale michael kors marc jacobs outlet concord 11 mont blanc pen timberland boots canada goose outlet coach factory online louis vuitton handbags gucci outlet online michael kors outlet online michael kors louis vuitton outlet mont blanc legend fake watches jordan 11s discount rayban sunglasses ugg boots cheap toms shoes abercrombie kids coach outlet store online ugg boots clearance ugg boots abercrombie store new york coach factory outlet michael kors outlet online rayban sunglasses michael kors outlet online cheap uggs canada goose jackets jordans 11 abercrombie outlet abercrombie kd shoes oakley outlet uggs for women abercrombie jordan 11 columbia burberry scarf marc jacobs outlet mont blanc michael kors outlet polo outlet canada goose sale ugg boots for women coach outlet store online hollister kids michael kors outlet online sale burberry outlet canada goose jackets abercrombie and fitch canada goose outlet uggs outlet ray ban sunglass coach outlet online kate spade outlet online abercrombie & fitchfitch uggs on sale ugg boots clearance chanel handbags louis vuitton outlet adidas running shoes ugg for women michael kors uk sale toms.com christian louboutin outlet true religion dior outlet prada louis vuitton outlet oakley sunglasses cheap tory burch outlet ray ban outlet chi hair strighteners christian louboutin sale ugg boots michael kors outlet jordan shoes coach outlet store online fitflop christian louboutin outlet ray ban eyeglasses canada goose sale canada goose louis vuitton purses michael kors handbags canada goose sale louis vuitton handbags new jordans red shoes lululemon adidas outlet store canada goose discount rayban sunglasses michael kors outlet moncler ugg slippers red bottoms tory burch flats abercrombie kids oakley vault michael kors handbags ugg boots tory burch outlet online ugg slippers gucci outlet michael kors handbags coco chanel toms outlet chaenl bags timberland uk jordan 3 hogan outlet jeremy scott adidas retro 11 concord 11 running warehouse tory burch shoes abercrombie fitch oakley outlet toms canada louis vuitton jordan 4s gucci belts oakley sunglasses abercrombie oakley sunglasses bottega veneta sale jordan retro 11 michael kors outlet online sale coach factory louis vuitton handbags louis vuitton outlet toms canada burberry outlet ugg boots sale louis vuitton bags cheap uggs ray ban aviators ralph lauren uk kate spade supra outlet tods outlet polo ralph lauren cheap beats by dre louis vuitton purses jordan 3 white cenment christian louboutin ray ban glasses tods shoes jordan retro 11 abercrombie ray ban glasses louis vuitton canada goose jackets rolex watches outlet replica watches chanel bags ugg outlet jordan 11 retro ralph lauren celine handbags ugg on sale michael kors outlet online toms promo code belstaff jackets air jordan 8 cheap toms shoes north face jackets copy watches ray ban outlet ugg australia christian louboutin shoes michael kors coach outlet hollister clothing polo ralph lauren online true religion outlet online fitflop hollister hollister clothing store louis vuitton outlet ugg boots toms wedges christian louboutin outlet jordan 6 cigar uggs for kids canada goose outlet oakley sunglasses wholesale christian louboutin shoes michael kors ugg outlet true religion outlet moncler jackets michael kors outlet online coach outlet stores online abercrombie outlet hollister clothing coach factory nike stores canada goose marc jacobs bags coach factory outlet michael kors outlet online timberland shoes abercrombie & fitchfitch true religion outlet louis vuitton outlet ralph lauren uk tod's outlet hollister co fitflop outlet ray ban eyeglasses christian louboutin shoes new lebron james shoes

Grosir Cenderamata

Cek sekarang gan Souvenir Gelas Murah Review Souvenir Pernikahan

Christian Louboutin Shoes UK Outlet

"Palermo that Messi The specialized treatment, will have discordant voices within the team Wearing hooded coat, the legs of the pants, high boots, the choice of a black box to play formula is based on the British-style lessonWe live in a world where fashion play an important role, for Jimmy Choo Outlet Shoes both professional and personal uses, and as such individuals and their Christian Louboutin Shoes UK Outlet status has been linked to the wear Here, we have to recommend the Khaki pants Cycling to work sooner or later, my dear sisters, only prepared to live Moncler long down jackets to resist the invasion of cold every angle You can locate any within of the sizing which finest fits you  The important thing you need to consider when you buy a ski jacket is that the jacket is functional enough to let you survive as long as you can on the ski slopes Tall enough for the body of men, should choose a straight line cut pea coat is better, but not to the knee length Although it looks bulging black Moncler women down jacket, but the thermal effect was first rate, with a glossy, waterproof fabric also increased sense of Discount Moncler Down Jackets fashion Related ArticlesHigh quality Moncler coats give you a warm winterHigh fashion Moncler jackets give you awsome lookIdeal Moncler waterproof jacketPrepare a Moncler jacket for your babyBut it is another condition if you put on moncler He completed with 30 tackles his senior period of your time and effort proper after battling injuriesPlaza Rei Joan Carles I, 6Tel +34 971 72 11 3132 The Moncler products are very popular all over the world, especially Moncler jackets It is said that Shanghai was atmosphere of the first popular female students dress the initiator That is quite important for those lady skiers

Cheap Herve Leger Dress Outlet

bequeath myself any absorbed Moncler amazing jacket rv cause they will moncler on the web participate in Admir youngth myselfRelated ArticlesChoose a stylish moncler jackets with your outfitMoncler online shop enjoys a Cheap Herve Leger Dress Outlet hign reputation among customersDiscount moncler jackets wholesale onlineThe Fashion Moncler Jackets Are delicious In cold Winter As everyone knowsMoncler overcoats are usually primarily in order to its impressive design and exclusive recognised Moncler is severely with some magical attraction to some consumers as well as I am between the enthusiast with this brand Related ArticlesHigh quality Moncler coats give you a warm winterIdeal Moncler waterproof jacketPrepare Cheap Moncler SALE Outlet UK a Moncler jacket for your babyThe classical Moncler jacketsIn fact, the best is the warm goose down, followed by the duck Like North Face Apex Bionic Jackets, examining the North Moncler Sale UK Online Face condor Triclimate jacket for an all-round ski jacket Moncler down jackets uses the fluffy coating on the inner side which helps in keeping the body temperature normalMoncler is a name derived from Monestier de Clermont the original birthplace of the forward thinking founders who created one of the most famous outwear products A good material will be competent to move out all the wind, the rain and the snow, while at the same time making it possible for easiest to escape from the inner to the outdoorsy Engaged in the process of skiing, performance, innovation and passion has been injected into our genes Everyone knows it, is not it? The only reason for the flow snowboard boot is not what you go with your feet "This season, Goldratt, Josh Gold, Ecker Lunmu, Norwood, Stewart, James, Gil, Keli Yi Vince Carter and Castro have entered into the first team list, Goldratt and Kindu completed debut also it is actually in 1st person Your mood and attitude are expressed through your look It is not only for men but in addition girls

Jimmy Choo Shoes uk cheap

Moncler is a hot shopping top which are talked anywhere and anytime for its classical design and high qualityRelated ArticlesThe winter season moncler down jacket are invariably a good choicePerfect Fit Moncler JacketsFashion casual is MonclerThe Hottest Moncler Jackets In This SeasonMoncler women vest are obtainable in as opposed to designs and much more latest designs wish to you show up at us Moncler for Jimmy Choo Shoes uk cheap children design the lovely cartoon pictures on cloth for the lovely kid In 1952, they decided to buy a factory located in the town of Monestier DE Clermont You can scrub the place which is difficult to clean with a soft hair brush The competition among down clothing manufacturers is disorderly In 1940s and 50s, the skiing jackets were mostly made of wool Indeed you do, and by removing the lens, you can get some of the purchase priceRelated ArticlesMoncler jackets give the whole family warmthWithout Moncler jackets, you will be regret this winterwe couldn't live without Moncler jackets in this fashion worldYou can create a style statement with chic Moncler and give a totally different dimension to your personality For this reason, make efforts to acquire some sittings in advance of beginning the medication The Moncler jackets are filled using the style aspects Christian Louboutin uk cheap and a little something seriously extraordinary that are widespread using the young Moncler clothing is something which adapts to your busy lifestyle Moncler jackets take a normal winter and sass it up as your very own fashion ramPeople tend to judge someone by the type of clothes they have on All of these designs of Spyder wear has brought great convenience to users Ils ont aussi un champ de luxe et le corps, sont en mesure de maintenir la sitvideo.co.uk/ forme et résister à empiler

Cheap Pandora UK Outlet

This 12 years, he played for Paris, London, both for high street fashion brand design assistant, also do for American clothing brand developments In order to get the beautiful discount clothing, they will get up earlier and waiting at the door of super market, LTD LiuJiang will consciously Cheap Pandora UK Outlet revealed breeze, currently purchased contributive twenty million euros an Italian company consulting Co You could be wanting for a men's leather jacket with an understated appear that is both equally fashionable and sensibleThis winter, so many famous brands of products, such as canada goose, moncler, valandre, belstaff, salomon and stone island and so on, emerge into the world market in order to meet people's needsIn the MONCLER field, when Cheap Pandora Charms UK Outlet the numerous enterprises already the habit in through pasted the sign processing for the overseas brand to pursue the development, the monlcer down clothing led MONCLER already the beginning to step a homemade brand way, this method was doomed is rugged, but was being actually full the outstanding foresight Moncler has become the first well-known place, because it also supplies people with warm and comfortable sewing coatsWhat we are guaranteed is a collection that contains classically timeless designs that Christian Louboutin sale uk can be tailor made to fit like a glove and make you look like the style icons that have inspired Vanessa Lewis' designs Hiking is a lot of personal behavior, unless it is dangerous to have never developed, usually in a mature exploration area on foot, you can dress Spyder wear with relative ease and enjoy a rare free space When buying, what are its features and capabilities, granted that this product or provider has exceeded the time checkout Perhaps a group of skiers must identify the psychological, from the end of last year, LV, Spyder and other top brands we have introduced a ski themes However, Doudoune Moncler have made many good-looking female very excited In order to reduce the number of unnecessary equipment to carry, I preferred the use of Gore-Tex fabric Spyder brand Jackets However the most important thing is you should choose the right clothing brand Moncler down jacĸet is on the top of the fashion by its professional design, and іt hаs ωon а lot of loνers! Now, it is thө symbol of the fashion

Burberry store on-line distinctive

Hence it is not amazing to know when someone gets enthusiastic about their design clothing and components Spyder outlet have to sell a number of equipment Burberry outlet stores shoes feel the original is too heavy this season, was such a wear Alexa, but think smart and practical   The north face jackets are versatile and relaxed fit which are perfect for cool to cold weather treks As is expected, they are also extremely popular in some Asian countries For this reason, make efforts to acquire some sittings in advance of beginning the medication   Selection of Burberry products substance is extremely gentle this season, www.theukbrand.co.uk/ prosperous, distinctive resources, products as well as informal don Eddie Fong have got diverse features, along with dispersed Burberry store on-line distinctive perception of fashion and magnificence, as well as luxury as well as respectable The Moncler vests are all in chic and beautiful designs, which will enable people to reveal their personalities dumpling with the T-shirts, sweater and jackets Other to consider are the coat is made from seal material or if it has extra lining   Choose the right ones for you according to the collection of your outfits, and leave a glamorous impression on the people around The final decision is ultimately up to you Moncler clothing is something which adapts to your busy lifestyle   The combination of these two forms of work, I absolutely despise this Some great deals can be found in stores like these, and if you're a regular customer, better yet, some vendors really know how to deal with customers and may even cut you a sweeter deal at a discount, you will be surprised Related ArticlesDiscount moncler jackets wholesale onlineWhy we choose the Moncler Jackets?MONCLER JACKETS IS OUT OF THIS WORLD COOL!Buy Discount Moncler Jackets at http://www.theukbrand.co.uk/ reasonable pricediscount moncler can be designed in an unique way  

If you want to wedding

If you want to wedding invitation , please click thiep cuoithiep cuoi dep or thiep cuoi my thuat

TRX Australia

Before I was the Trx For Sale manager, purely heading the position of the ft.You can just enjoy them by ordering Trx Suspension Online online where you get the complete satisfaction and genuine quality at best possible rates.The finish, quality and designs you get from TRX Suspension Training Sale are really astonishing and you will love them all.The following Cheap TRX is adjustable at the same time, providing this trouble-free to make use of for virtually every everyone, just about all from the sessions which you'll conduct on this are generally closed string. Straps previously defined in addition phase alterations and so relating to maintain a person safe and seem possibly at cut down inside the highly accurate exact same time period, to top TRX For Sale all away.The full offer trx exercises about solely various pounds, do not be switched off by its let loose appears.The actual trx straps sale Suspensions Personal trainer is produced with commercial toughness materials as well as unnecessary stitching similar to the top quality perfectly found on the mountaineering tools sector. A number of cheap trx for sale tough workouts can be done simpler by offering support along with a means for right type and so beginners or simply rehabilitate individuals start slower along with little by little raise resistance to assemble durability.

boxer

Thanks for the informative writing. Would mind updating some good tips about it. I still wait your next place.sales coaching

messi

The point you discuss in your post is awesome and love reading it. Thanks for sharing.buy xanax online

messi

After many searches I found this page and it has interesting information for me and I like it. buy valium roche

buy percocet online

Interesting, this article is contain unique information and I really like this one.buy percocet online

A healthy diet is not about

A healthy diet is not about strict nutrition philosophies, staying extremely thin, or depriving yourself of foods you love. Rather it is to get that good to have more energy and you keep healthy as possible.buy oxycodone online

Your site is good Actually,

Your site is good Actually, i have seen your post and That was very informative and very entertaining for me. Thanks for posting Really Such Things. I should recommend your site to my friends. Cheers.buy oxycodone online

messi

Its an amazing place to get information and I love reading to increase my knowledge. Thank you so much for information.buy lortab online

ENGD

Very much appealing to me that why I stop here and read it. Thanks for sharing this.buy xanax online

boxer

I really enjoy simply reading all of your weblogs. Simply wanted to inform you that you have people like me who appreciate your work. Definitely a great post. Hats off to you! The information that you have provided is very helpful. Sales coaching Sydney

messi

Fresh information available in this website and I will surely bookmark this one. buy hydrocodone online

Certainly a fantastic piece

Certainly a fantastic piece of work ... It has relevant information. Thanks for posting this. Your blog is so interesting and very informative.Thanks sharing. Definitely a great piece of work Thanks for your work.buy percocet online

ENGD

We all need great and informative information that can help us and you shared this kind of information. Thanks a lot.buy adderall online

buy hydrocodone online

This is the one the best informative website I know.buy hydrocodone online

messi

I really appreciate the work you did on sharing this information. Thanks a lot. buy codeine online

ENGD

You shared this as a best way and easiest way for everyone to understand it and I appreciate it.buy valium roche

boxer

I think this is a great website, specially when searching for that specific topic.retail consultancy

boxer

Thanks for your many years of a great service well done! I’ve always felt good about listing my concerts with you and linking from my website. sales consultancy sydney

Hi there,Hi! This is my

Hi there,Hi! This is my first visit to your blog! We are a team of volunteers and new initiatives in the same niche. Blog gave us useful information to work. You have done an amazing job!buy adderall online

ENGD

I know that this kind of great information is hard to find. Thanks for sharing with us.buy ritalin online

Reply to comment | Retirement USA

What's Happening i'm new to this, I stumbled upon this I've found It positively helpful and it has helped me out loads.

I am hoping to contribute & aid different users like its
aided me. Great job.

site (Sherryl)

buy Phentermine online

Its just the amazing information you shared. Thank you so much for this.buy Phentermine online

boxer

With the many blogs which I have encountered, I never expected to see a very beautiful post online..After reading this one, I felt so lucky to see its content..-)sales training

messi

I really appreciate the work you did on sharing this information. Thanks a lot. buy adderall online

I was working and suddenly

I was working and suddenly I visits your site frequently and recommended it to me to read also. The writing style is superior and the content is relevant. Thanks for the insight you provide the readers!buy hydrocodone online

ENGD

I dont know you but thanks! For sharing this kind of helpful information for everyone.buy codeine online

boxer

A healthy diet is not about strict nutrition philosophies, staying extremely thin, or depriving yourself of foods you love. Rather it is to get that good to have more energy and you keep healthy as possible.retail sales training sydney

Preservation and promotion

Preservation and promotion of health is achieved through a combination of physical, mental and social well-being, sometimes called "the triangle of health." Health is a positive concept focuses on the social and personal resources, as well as physical capacities.buy percocet online

messi

This is the first time I am visiting and now I am fan of your post and Thank you for this. buy percocet online

boxer

I really enjoy simply reading all of your weblogs. Simply wanted to inform you that you have people like me who appreciate your work. Definitely a great post. Hats off to you! The information that you have provided is very helpful. sales training Sydney

ENGD

You shared really helpful and interesting information with everyone and I always like this kind of stuff you shared. Thanksbuy lortab online

buy vicodin es online

I am happy that this website is still sharing great information after I coming back long time.buy vicodin es online

I just got to this amazing

I just got to this amazing site not long ago. I was actually captured with the piece of resources you have got here. Big thumbs up for making such wonderful blog page!buy adderall online

ENGD

Shared information in this article is really great and thanks for sharing with us.buy vicodin es online

xXx

  Its an amazing place to get information and I love reading to increase my knowledge. Thank you so much for information. Buy lortab pills

xXx

  This is such a superb and valuable content for me. Love it that you share this with everyone. buy ritalin online

xXx

  Definitely you shared great and informative information with everyone and I appreciate that. buy k25 online

xXx

  You seriously clarify this information very well and its really helps a lot. Thanks buy ritalin online

boxer

I was delighted to find this web site.I wanted to thank you for your time reading this wonderful! I really enjoyed every bit of it and I've marked to ensure that the blog post something new.buy phentermine online

messi

Brilliant and great website is this. Thank you for sharing this information with us.buy vicodin es online

Buy adderall online

This is really interesting and useful information for me. Thank you for sharing this info.Buy adderall online

boxer

Thanks for your post, I like this post very much. Buy vicodin es online

Post new comment

  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.