Faces of the Retirement Income Deficit
Announcer: A secure retirement is part of the American dream, but of million of Americans that dream has been shattered.
Karen O’Quinn: I worked for corporate America for many years and after being laid off, I had to recreate myself. I like millions of people in this country have no retirement and no savings for retirement. I do not know how I am going to make it.
Announcer: Karen is typical of too many Americans who have done everything right- worked hard and tried to save. Now they are living sleepless nights wondering how they are going survive when they reach retirement age.
Brian Edwards: I have a 401(k), but now that I am self-employed nothing else is getting put into it. It is basically sitting there. I have not checked it since the stock market crashed. So I have a feeling that there isn’t much in it.
Noah Silver: I have been singing-songwriting to six years. When people tell me to save for retirement, I have to be honest; it is not in the cards.
Alane Rose: At this time, I am not able to save for retirement. My business is not profitable enough to pay all my bills and save for retirement.
C. William Jones: Well my kids and grandkids are really going to have a difficult time, because as of right now, I don’t know what kind of pension they can depend upon.
David Muse: You work until you either fall apart, your health totally crumble or you die!
Announcer: These stories come from people of all ages and backgrounds. Half the private workforce in this country have not pension or savings plan to supplement Social Security.
Desmond Brown: For my own retirement, I have a 401(k). It does not mean much in some regard because it is probably less than twenty thousand dollars. I mean the highest at one time was forty-five thousand dollars, but I had to go into it a couple times over the years just to help cover expenses here.
Announcer: Even those fortunate enough to have pension plans recognize that the social contract is fraying and policy makers must act.
Sheldon Lederman: I am very lucky to have a pension, and I would like to have every senior in America have that same opportunity. I think that that is a necessity.
Janice Winston: My vision for America at this point, is that we have a retirement system in place that services all the people in this country who are working and deserve to have a comfortable retirement.
Announcer: Wake-Up Washington Month is a call to action. A time for all Americans to tell policy makers that we need a 21st century retirement income system to supplement Social Security; without it American faces a massive retirement crisis.
Desmond Brown: Wake Up Washington!
Karen O’Quinn: Wake Up Washington we need you!
Brian Edwards: Hey Washington, wake up!
David Muse: Please wake up Washington. For all our sakes, please!
Announcer: Brought to you from Retirement USA. Working for a universal, secure, and adequate retirement system for all Americans