Shannen's New Article

Workers Fear Retirement Cuts on Benefits

                I stand for retirement benefits. Businesses should not cut retirement funds because people need the money. Without that money they can’t support themselves when they get older. “…55% of workers say they are willing to give up some of their future pay increases in order to have more guaranteed income in retirement…,” said U.S.A Today. “And 50% say they would also trade a portion of their pay to ensure health care benefits.” The Employee Benefit Research Institute conducted a survey which was called the Retirement Confidence Survey. Older workers have a hard time with the condition of the stock market. Unlike younger workers, they have more time to pick themselves back up again. Among people 40 and younger, about 70%, a number which has risen since 2009, are willing to pay more for a guaranteed retirement benefit fund. Workers should not have to do this because we have our rights. These rights for retirement are going down because no one makes time for the workers. About 64% of people worry about their retirement funds because health care costs are rising.  “A January report by the Insured Retirement Institute said that a healthy 65-year-old male can expect the cost of health care expenses, including premiums, for the rest of his life to total $350,000, and a 65-year-old woman can expect to pay at least $417,000,” said U.S.A. Today. The only highlight is that people are finding their voice and standing up to try to fix this problem. The people are working on changing what is happening to them. I stand for retirement benefits!