by Cynthia Murray, Otherwords
I’ll be turning 67 soon. I’d love to be able to retire on my birthday. I’d celebrate by spending the afternoon at the mall with my daughter and then start planning little trips to visit relatives.
But even after 22 years of working for Walmart, our nation’s largest employer, I can’t afford to retire any time soon.
Walmart does offer a 401(k) with matching funds. But with a high-deductible health plan and at my wage of just $16.83 an hour, I haven’t been able to save much at all for what should be my “golden years.”
Lots of my fellow Walmart associates are in the same boat. I know this from talking to my co-workers — and because companies have to report how many employees have zero balances in their 401(k) plans. At Walmart, 46 percent have not one dime in their accounts.
The situation for my top boss, Walmart CEO Doug McMillon, could not be more different. Would you believe he has more than $169 million in his company retirement account?
Recent Posts
The Ancient History Of Socialism In North America
Take Action Now There was nothing simplistic about moving — in many ways back to earlier traditions — to a system of governance not…
New Mexico Is Providing Free Childcare For All. It’s Time For Others To Do The Same
Take Action Now The state is setting a powerful example with its first-in-the-nation plan. But the policy has support across the USBy Katrina…
Nobel Peace Prize Winner Supports Israel’s Genocide & Trump’s War On Venezuela
Take Action Now Nobel Peace Prize laureate María Corina Machado is a far-right Venezuelan coup-plotter funded by the US government. She supports…
Israeli Historian Ilan Pappé: Despite Ceasefire, Palestinians Still Face “Elimination, Genocide”
Take Action Now “I hope that the world will not be misled that Israel is now ready to open a different kind of page in its relationship with…