Journal 1

http://www.nytimes.com/2009/01/26/opinion/26mon1.html

401(k)’s have proven to be an ineffective way of saving for retirement, even though the federal government and employers have encouraged workers to use them. Everyone who has a 401(k) saw it shrink in the recent economic downturn, and many are in effect getting a pay cut as employers are stopping 401(k) matching funds. This is essentially a claim of fact but it is being used to make a claim about policy changes that are needed. The writer doesn’t use specific evidence but rather relies on the general notion that stock market values have plummeted.