Wednesday, February 1, 2006

United Airlines coming out of bankruptcy

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2006/02/01/BUGBJH0BNJ49.DTL&type=business

United may be coming out of bankruptcy, but what about  retirees that have had their pension and healthcare benefits slashed?  Will some of them be headed into bankruptcy because the benefits they worked for and were promised, are gone?

The per capita savings rate in our country is at it's lowest point since 1933. Without savings as a backup, what will happen to some of these people?

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