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Edward Wolff quotes

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    I Like this quote I dislike this quote“Things are not looking good for retirees with the collapse of the defined benefit plans. In 20 years, the only people with these plans will be government employees.”

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    I Like this quote I dislike this quote“With IBM gone, it won't be long before a lot of other companies follow suit.”

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    I Like this quote I dislike this quote“It would be very unusual for workers to make up for the shortfall and it might certainly be a good way to shock people into saving more -- tell them they now have to put aside 12 percent of the earnings.”

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    I Like this quote I dislike this quote“It's a sweet deal for the firm. Most workers will wind up worse off as a result of the defined contribution plans. Some might be better off if they invest very well. Most people aren't sophisticated investors.”

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