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...than they do. A 2007 study from the National Bureau of Economic Research (NBER) estimated that, on the basis of historical returns, by 2040 the average 401(k) of a near retiree would grow to an inflation-adjusted $451,944. That money, spread over 30 years, could replace at least 50% of the average retiree's income. Add Social Security and even highly paid workers will probably earn more than 80% of their preretirement income. "The only reason these accounts haven't lived up to their potential is that they haven't gotten enough time," says James Poterba, president...
...Would it be feasible, politically or otherwise, to get people to dispense with their 401(k)s? Corporations, for one, are not the least bit interested in taking on pensions again - the cost would be enormous, and the expense makes them less competitive globally. "There are people in the Obama Administration who are supportive of some kind of guaranteed system," says Dean Baker of the Center for Economic and Policy Research. "People should not have to shoulder the risk of a bad turn in the market...
...hubs to ferry nearly 75% of domestic passengers. Twenty of these are also arrival points for 94% of international visitors. Funneling flights to these bottlenecks has driven the average flight delay to 57 min. in June 2009, up from 41 min. in 1990. The percentage of flights delayed at least two hours also soared over the past two decades, from...
...travelers in the United States traveled exclusively between the 100 largest metropolitan areas. Another 29.9% of passengers traveled through one of the 100 largest metropolitan areas at some point in their trip. In sum, 98.8% of all passengers in the most recent twelve months passed through at least one of the nation's 100 largest metropolitan areas. In the U.S., air travel is clearly a large metropolitan phenomenon." (See photos of protests against Heathrow Airport's expansion...
...category when it comes to poor on-time performance. New York generated both the worst arrival delay percentages (30.0%) and one of the worst departure delay percentages (21.7%). New York also ranked as the worst metropolitan area when it comes to average arrival delay time for flights landing at least 15 minutes late (nearly 69 minutes...