10min chapter

Patrick Boyle On Finance cover image

America's Retirement Timebomb!

Patrick Boyle On Finance

CHAPTER

The Rise and Fall of American Pension Plans

This chapter examines the history of pension plans in the U.S., focusing on the labor unions' negotiations with automobile manufacturers from the 1950s to the 2000s. It discusses the transition from defined benefit plans that supported the middle class to defined contribution plans, leaving future generations with uncertain retirement futures.

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