Tag: replacement rates
The “all fine” crusaders are selective in their use of numbers. Keeping up with the campaign that the retirement system is fine and people will have plenty of money in retirement is a full-time job. So far, critics have pointed to three main statistics to bolster their case. The vast majority of today’s workers –…
OECD confirms U.S. Social Security benefits low and validates methodology of U.S. Social Security Actuaries. Two recent developments that I have found both annoying and dangerous are the deletion of replacement rate information from the annual Social Security Trustees Report and the coordinated campaign in the press arguing that the elderly have plenty of money…