• His disclosures, both from his final year in Congress and his time as Minnesota governor, also show no mutual funds, bonds, private equities, or other securities.
  • No book deals or speaking fees or crypto or racehorse interests.
  • Not even real estate. The couple sold their Mankato, Minnesota, home after moving into the governor’s mansion, for below the $315k asking price).
  • snooggums@midwest.socialEnglish
    4·
    3 months ago

    At their height, only about 45% of private-sector workers actually had a pension.

    Yeah, but while the number of employees who have acess to retirement options (68%) is higher, the number who chose to participate (51%) isn’t significantly higher as of 2021. This probably includes some crappy options not nearly on par with pensions.

    Another problem is the shift from pensions to personal options is also used by conservstives to say we don’t really need social security. Honestly I would rather change social security to have a higher payout rate and collect more for it by removing the cap and collecting it from businesses based on sales/business income (not just profits). That would balance out the jobs being lost to automation while tying retirement to the economy as a whole. With a solid guaranteed level of retirement income the option to save up would not be a necessity to actually retire.