Archive: Anqi Chen
At any moment in time, only half of U.S. private-sector workers are participating in an employer-sponsored retirement plan, mainly due to lack of coverage. As a result, roughly one-third of households end up completely reliant on Social Security at retirement, while others move in and out of coverage throughout their careers…
Social Security faces a well-documented financing challenge. The combined Old-Age, Survivors, and Disability Insurance trust fund is projected to exhaust its assets within the decade, after which incoming revenues can cover only about 80 percent of scheduled benefits…
