Monday, June 11, 2012

Are You Better Off Now...

...Than you were four years ago? Ronald Reagan asked the question after four years of Jimmy Carter stagflation when the solution to everything was to raise interest rates and inflate dollars with hot air until they couldn't rest on the table. The answer was obvious and Reagan became a conservative icon.

If you have a 401(k), an IRA, a 403(b) or any of the other alphabet soup retirement plans you know the answer before you have to read this piece, but read it anyway:

Net Worth Of American Family Down 40% in Three Years

So, you can read that sort of propaganda with those numbers in it or you can take the President at his word, "The private sector is doing fine."

I know my account reports tell me all I need to know about what to believe.

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