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April 26, 2024

Today in 1886
The New York Times declares the struggle for an eight-hour workday to be “un-American” and calls public demonstrations for the shorter hours “Labor disturbances brought about by foreigners.” Other publications declare that an eight-hour workday would bring about “loafing and gambling, rioting, debauchery and drunkenness.” 
~ Labor Tribune

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America’s Middle Class Knows It Faces A Grim Retirement
Posted On: Oct 24, 2014

Oct. 24, 2014 | RETIREMENT | Wells Fargo did as much as it could to soft-pedal the findings of its fifth-annual Middle Class Retirement Survey, released Wednesday, but the horrific numbers speak for themselves. “Saving for retirement is a formidable challenge for middle-class Americans,” the San Francisco-based bank says. A formidable challenge? No kidding. More than a third of middle-class families aren’t saving anything in a 401(k), IRA or other vehicle, the survey found. For those 30 to 59 years old, it’s 41%. Continue reading here.


 
 
Teamsters Local 355
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