The Great 401 (k) Hoax: Why Your Family's Financial Security Is At Risk, And What You Can Do About It
by William Wolman /
2003 / English / PDF
4 MB Download
The American public was hoodwinked: 401(k)s were established to
satisfy corporations, not the interests of working Americans.
Portrayed as a perpetual wealth machine, the 401(k) was meant to
satisfy the needs of every employee. Yet, it was an impossible
promise to fulfill: It was the great 401(k) hoax. According to
William Wolman and Anne Colamosca, this was the latest act in the
gradual erosion of the nation's retirement system. Drawing from
reams of historical and contemporary data as well as economic,
social, and political trends, they reveal the system's troubled
100year history. Beyond exposing the hoax, the authors urge
everyone to take charge of their investment portfolio and
recommend strategies for beating Wall Street at its own game.
Timely and incisive,
The American public was hoodwinked: 401(k)s were established to
satisfy corporations, not the interests of working Americans.
Portrayed as a perpetual wealth machine, the 401(k) was meant to
satisfy the needs of every employee. Yet, it was an impossible
promise to fulfill: It was the great 401(k) hoax. According to
William Wolman and Anne Colamosca, this was the latest act in the
gradual erosion of the nation's retirement system. Drawing from
reams of historical and contemporary data as well as economic,
social, and political trends, they reveal the system's troubled
100year history. Beyond exposing the hoax, the authors urge
everyone to take charge of their investment portfolio and
recommend strategies for beating Wall Street at its own game.
Timely and incisive,The Great 401(k) Hoax
The Great 401(k) Hoax is guaranteed
to inspire debate and action-from the water cooler to the
boardroom to the voting booth.
is guaranteed
to inspire debate and action-from the water cooler to the
boardroom to the voting booth.
