Tag: pay as you go system
In early December, President Trump discussed developing a national retirement savings system like Australia’s superannuation program. Australia certainly has an enviable retirement system. In fact, the latest Mercer CFA Institute Global Pension Index awards the Australian system a B+, while the U.S. system gets only a C+…
Our Social Security program is well-structured, but with one major flaw. I’ve been scratching my head since President Trump announced in early December that the administration is considering developing a national retirement savings system like Australia’s superannuation program. Yes, our system is not perfect, but it’s not clear what we get from Australia at this…