Archive: Alicia H. Munnell
Do participants understand their exposure to risk? It’s always interesting to look at Vanguard’s most recent edition of “How America Saves,” which summarizes the previous year’s activity for its 401(k) clients. Of course, the activity at any single company does not provide a complete picture of retirement preparedness. Individuals may have more than one 401(k) account…
We, too, should restore balance to our system, but inequality precludes an across-the-board increase. Denmark recently raised its retirement age to 70 for Danes born in 1971 or later. Should we do the same thing? The answer is two-fold. On the one hand, Congress should enact legislation to restore balance to our Social Security system,…
