Commentary: Why stock-market highs matter little to most Americans

05/9/2013 | Washington Post, The

Studies indicate that half of Americans couldn't scrape together $2,000 if an emergency arose, and 30% do not have a savings account. The precarious state of Americans' finances means that stock-market highs likely are not a boon to many who lack money to invest, writes Matt Miller, senior fellow at the Center for American Progress. A retirement crisis is looming, Miller writes, and one potential solution is a flat universal Social Security benefit.

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