As millions of people watched their 401(k) retirement plans rise and fall this week along with the stock markets, their fears reflect a sweeping revolution in how Americans save for retirement.
Whether it's disappearing work-based health care, the move from traditional pensions to 401(k)s, the push to privatize Social Security or just making it harder to file for personal bankruptcy, these and other social supports and safety nets that were designed to make Americans more secure have been watered down, abandoned or altered so that individuals bear a greater share of the risk and cost.
Stock-market woes highlight risk U.S. families now face
Over the last year, US corporate leaders have often explained layoffs by saying the positions were...
United Parcel Service on Tuesday said it would cut up to 30,000 operational roles in 2026,...
