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Retirement crisis for elderly is here
State Sen. Mark Mullet, D-Issaquah, has introduced Senate Bill 5826 to help small businesses offer Individual Retirement Account (IRA) savings plans. This is, as they say in the Legislature, “a good little bill,” but it is dwarfed by the size of the problem it confronts. That problem is growing poverty among the elderly. In the last half of the 20th century, poverty among the elderly in the U. S. fell from 35 percent to 10 percent, but now it’s creeping back up again, to 14.8 percent in 2012….Read More
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