Posted inEconomics / Inequality / News / USA Empire

Retirement Divide: 100 CEOs v. the Rest of Us

Just 100 CEOs have company retirement funds worth $4.7 billion — a sum equal to the entire retirement savings of the 41 percent of U.S. families with the smallest nest eggs.

This $4.7 billion total is also equal to the entire retirement savings of the bottom:

59 percent of African-American families
75 percent of Latino families
55 percent of female-headed households
44 percent of white working class households

With nearly $3 billion in special tax-deferred accounts, Fortune 500 CEOs stand to gain enormously from Trump’s proposed tax cuts on top earners.

— source ips-dc.org

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