LA Times columnist Michael Hiltzik describes a report from the Economic Policy Institute depicting in a series of charts and graphs how 401(k)-type retirement accounts have failed most American workers. Hiltzik includes six of the charts showing how the shift away from defined benefit pensions to 401(k) savings accounts leaves most older workers with meager resources as they face living longer in retirement. Read the LA Times article here: http://www.latimes.com/business/hiltzik/la-fi-mh-six-charts-on-the-retirement-crisis-20160302-column.html. The full report by Economist Monique Morrissey is available here: http://www.epi.org/publication/retirement-in-america/
