Courtesy Sarah Anderson and Scott Klinger, Institute for Policy Studies (IPS-dc.org), December 15, 2016
As working families face rising retirement insecurity, CEOs enjoy platinum pensions.
This report compares the retirement assets of top CEOs with those of all African-American, Latino, female-headed, and white working class households.
Just 100 CEOs have company retirement funds worth $4.7 billion — a sum equal to the entire retirement savings of the 41 percent of U.S. families with the smallest nest eggs.
This $4.7 billion total is also equal to the entire retirement savings of the bottom:
On average, the top 100 CEO nest eggs are large enough to generate for each of these executives a $253,088 monthly retirement check for the rest of their lives.
With nearly $3 billion in special tax-deferred accounts, Fortune 500 CEOs stand to gain enormously from Trump’s proposed tax cuts on top earners.
The retirement asset gap between CEOs mirrors the racial and gender divides among ordinary Americans.