According to the Congressional research service, in 1975, 44% of private sector workers in America had a defined benefit pension plan that guaranteed a monthly income in retirement. Today that figure has dropped to just 9%. This is the wealthiest country in the history of the world and we should not have millions of people reaching retirement age with nothing in the bank worrying about how they're going to make it through their last years on earth. (05:11–05:15)
CLAIM
Asserts that only 9% of private sector workers have defined benefit pension plans today.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
