HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): Pension Woes Complicating Retirements. “Deteriorating conditions in the pension system are jeopardizing the lump sum payouts workers count on, and pushing some workers to retire ahead of schedule. Stock market losses began dragging down pension assets a few years ago, but the current near-zero interest rates — intended to spur the American economy — have worsened the problem and created the largest gap in assets and liabilities since the end of World War II.” Subsidizing borrowers, punishing savers.

If this were a Republican administration, we’d have endless tear-jerking press reports of how senior citizens are being squeezed by record low CD rates. Luckily, it’s not, so — happy happy joy joy!