Income inequality is going to hit tomorrow’s retirees hard
βOne of the mysteries of personal finance has been the disconnect between the income inequality afflicting the working public and the claims by fiscal conservatives that most people’s retirement lifestyles will be perfectly comfortable. A recent post on the Squared Away blog of Boston College’s authoritative Center for Retirement Research solves the mystery. There is no disconnect between income inequality for the working class and what they’ll face in retirement: A flood tide of income inequality is awaiting today’s workers when they do retire, and we’re standing on the edge of the water.β