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Call the cops — your pocket’s been picked. American workers are being ripped off by excessive retirement plan fees — which may force them to work longer or live less comfortably in their golden years, according to a recent study. For the average US household, the high fees drain about $155,000 from
In the media
Gregory Bresiger
Ahead of Rio+20, advocates are coalescing around the idea that we need to change the way we measure what is important to achieve true sustainable development. Currently countries measure economic growth, which is often equated with progress, through GDP. However, growth in GDP is increasingly not
In the media
J. Mijin Cha
NEW YORK— As members of the Class of 2012 join the work force or look to higher education, a new report illuminates the connection between poor STEM (Science, Technology, Engineering and Mathematics) teacher retention rates and young Americans’ chances of being relegated to low-wage, low-skill jobs
Press release/statement
A new report from Dēmos, "The Retirement Savings Drain: The Hidden and Excessive Costs of 401(k)s," urges Americans to trade in their old 401(k)s for a new, more efficient retirement model.
In the media
Keiana Greene-Page
It’s easy to get in over your head when it comes to credit-card debt, and retirees are no exception. According to New York-based research group Demos, those 65 and older from low- and middle-income households carried average credit card debt of $9,283 in 2012, the highest debt load of any age group
In the media
Shelly K. Schwartz
Recently there’s been a brouhaha stirring over 401(k) retirement accounts. In a report entitled, The Retirement Savings Drain—The Hidden and Excessive Costs of 401(k)s—research firm Demos makes some startling claims about our beloved retirement accounts.
In the media
U.S. News Staff
Hmmm … 401(k) plans can help you save money for retirement, but they many also cost you more than you realize. According to a new study from research firm Demos, the average American couple pay nearly $155,000 in 401(k) fees in the course of building up their proverbial nest egg; wealthier couples
In the media
Elizabeth Nolan Brown
With hidden 401(k) fees back in the headlines, financial advisers say that in many cases it just doesn’t pay to leave your money in these plans—especially once you retire or switch employers. Recent findings from Demos, a research group, include this zinger: hidden fees may claim 30% of your savings
In the media
Dan Kadlec
It’s retirement wonk versus retirement wonk.
In the media
Kelly Greene
A recent headline in the Los Angeles Times managed to rile both supporters and detractors of the 401(k) plan industry’s opaque and often excessive fee structure. Citing new research, The Times asserted that “401(k) Fees Could Reduce Average Nest Egg by 30%.” There is definitely a problem. But that
In the media
Dan Kadlec