Tag: universal coverage
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+…
Meaningful balances require continuous coverage and for that we need a national mandate. It’s always interesting to look at Vanguard’s most recent edition of “How America Saves.” And it’s particularly interesting to get the numbers for 2023 – a good year for both the economy and the stock market. Indeed, participation rate, contribution rates, and…
