Monday, October 22, 2018

Pensions, Or Stock Buybacks ???

A number of corporations are spending far more on stock buybacks than on pension funding:

https://www.marketwatch.com/story/5-companies-that-spent-lavishly-on-stock-buybacks-while-pension-funding-lagged-2018-10-20

And as I previously suggested, workers are being blamed for the pension shortfall, when corporations and the US government are the true culprits:

https://sainthoward.blogspot.com/2018/10/poverty-in-retirement.html

Yes there is some "fake news" behind all this, and it did not come from US workers or union members.

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