Shrinking Job Market and Adverse Impact on Pension System

Stephen D. Rosenberg, Esquire, has a nice companion piece to my September 9, 2013 post entitled "Gloomy Jobs Outlook and Impact on Retirement Planning." I recommend his analysis of what we both believe is a dire situation that is getting worse. In "Why Jobs are Job 1, to Steal from an Old Ford Ad" (September 11, 2013), this ERISA litigator and compliance attorney writes that "There are a lot of costs to a shrinking and/or severely curtailed job market, from the personal costs to those who can’t get jobs, to the long term reduction in earnings for those who must wait years beyond graduation to really get started on a profitable work life, to the inability of many to retire after job losses and stock market losses struck them in the latter part of their work lives."

More to come...

Source: http://feeds.lexblog.com/~r/PensionRiskMatters/~3/qxOWGQe7o0c/

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