Saturday, October 06, 2018
Wealth gaps occur within retirement communities, and can be narrowed by shared disasters
The Wall Street Journal, in a booklet article Oct. 3, notes the wealth gap growing within retirement communities, discussing Oakmont in the wine country in northern California.
Fewer retirees have adequate wealth from 401(k)’s after companies started freezing pensions in the late 1990s, replacing them with greater matching savings.
Recent wildfires seems to have brought the retirees together and put them more in one boat.