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To: Brooklyn Attitude

Probably because most don’t save a significant amount in 401k to matter.


7 posted on 03/07/2014 7:33:06 AM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: DonaldC

“Probably because most don’t save a significant amount in 401k to matter.”

I thought the point of the story was that they did but CPS ignored it. That’s was why their income was greatly underestimated.


8 posted on 03/07/2014 7:56:53 AM PST by Brooklyn Attitude (Things are only going to get worse.)
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To: DonaldC

“Schieber noted that in its statistics, the CPS does not account for at least 95 percent of IRA distributions and at least half of pension and annuity income.”


9 posted on 03/07/2014 7:58:41 AM PST by Brooklyn Attitude (Things are only going to get worse.)
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