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Herald staff | jbauer@heraldnet.com
Published: Wednesday, July 23, 2014, 12:01 a.m.

Social insecurity

Those whole paychecks are missing something: A ranking of 401(k) retirement savings plans at the nation's 250 biggest companies found that one of the least generous is the one offered by Whole Foods.

The natural foods grocer contributes only $152 a year to its employees' retirement, which means that Whole Foods retirees will have to subsist on cat food — just not the fair-trade artisanal kind.

The teeming, filthy rich masses: More than 1 in every 25 New Yorkers is a millionaire, according to a study released Tuesday.

That explains why Mitt Romney was seen wandering around the Lower East Side recently, muttering to himself, “For Pete's sake, why didn't these people vote for me?”

Not again: An economist who warned in 2004 that the housing bubble would soon burst now says the U.S. is likely to fall into a recession next year triggered by slumps in other countries.

If he's right, boomers better start stocking up on cat food — maybe even the fair-trade artisanal kind.

— Mark Carlson, Herald staff


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