If the experts are right in their calculations, then we face the prospect of millions of people retiring into poverty from the American middle class in the years ahead. That has all kinds of social and economic consequences. We need… — Hedrick Smith Copy Share Image
“Overall, more than fifty-nine thousand factories and production facilities were shut down all across America over the last decade, and employment in the core… — Hedrick Smith Copy Share Image
“We are literally Two Americas, remarkably out of touch with each other— the fortunate living the American Dream but lacking any practical comprehension of… — Hedrick Smith Copy Share Image
The most common mistakes were investing in money market funds by people who were so scared at the prospect of managing their own funds… — Hedrick Smith Copy Share Image
“Translating cold numbers into a graphic picture of the hard economic realities in the lives of ordinary people is a challenge. In the 1990s,… — Hedrick Smith Copy Share Image
Less money for retirees means less purchasing power means less economic growth overall. It's a big problem. — Hedrick Smith Copy Share Image
Journalists cover words and delude themselves into thinking they have committed journalism. — Hedrick Smith Copy Share Image
One of the strongest lessons I learned in doing six months of work on retirement topic was how absolutely crucial the Social Security system… — Hedrick Smith Copy Share Image
“Two trends are primarily responsible for today’s hyperconcentration of wealth inAmerica— the collective decisions over time by America’s corporate power elite to take a… — Hedrick Smith Copy Share Image
The main problems are insufficient diversification and the failure to pick age-appropriate strategies - that is, more aggressive when you're younger, and more conservative… — Hedrick Smith Copy Share Image
It really depends upon how much money you have in your account. Having a monthly paycheck come in for the rest of your life… — Hedrick Smith Copy Share Image
“Henry Ford gave that idea popular currency when he brought out the famous Model T car and announced in 1914 that he would pay… — Hedrick Smith Copy Share Image
“Since the early 1990s, a shadow government has taken root along K Street, the Washington corridor that is home to block after stately block… — Hedrick Smith Copy Share Image
