“It’s Simply Impossible To Do So On Your Own”: Person Breaks Down Hard Numbers To Show Why Boomers Had It Much Easier Boomers Easier
In her book ‘,’ Anne Helen Petersen explains that by the 1970s, many of those boomers , experienced wage stagnation, inflation, and an unemployment rate of 8.5% — American jobs had begun moving overseas so corporations could pay employees less and avoid the wrath of powerful unions that advocated for workers, and on top of all that, the U.S. was dealing with the Vietnam War, the Watergate Scandal, a general distrust of the government, and the resignation of President Richard Nixon.
A pension plan is a benefit provided by an employer who agrees to pay an employee a portion of their salary every year for the rest of their life if they remain at the company for a certain number of years .
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