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
Big Demonstration Unwelcomes NATO To The Hague
Take Action Now The day before the demonstration in the Hague, hundreds of people gathered for a counter-summit, to discuss strategies for moving…
Zohran Mamdani Is Showing Democrats How To Shape Voter Opinion
Take Action Now Polls recorded shifts in NYC residents’ priorities following mayoral candidate Zohran Mamdani’s campaigning on housing.By Susan…
Bombing Iran Is Part Of The USA’s Repetition Compulsion For War War War
Take Action Now More than ever, the United States and Israel are overt partners in what the Nuremberg Tribunal in 1946 called “the supreme…
62 percent Of Democrats Agree Party Leadership Should Be Replaced: Survey
Take Action Now The party has found it difficult to build a cohesive message as the Democratic National Committee (DNC) has been embroiled in…