Retirement delayed and broke anyway

[Warpy]

38. Few in the 80s had that opportunity

The 80s had to be the absolute worst decade for workers as they saw their pensions robbed by shady arbitrage deals, profitable companies loaded with debt and allowed to go belly up as a way of ending unions in an industry. There was no recourse to any of it, the Reagan juggernaut was lavishly funded by the 1% while opposition was kept starved of cash. Wages were depressed because rich men thought paying the hired help enough to live on was inflationary (it's not) and certainly didn't want to have to cope with collective bargaining. Benefits were slashed down to nothing, and as taxes were shifted off the rich and onto the poor, services disappeared.

The screw job ushered in by Reagan and his cronies was massive.