Tag: young workers
Without homeownership, it’s hard to save. When thinking about the future of Social Security, one concern should be whether future cohorts will have comparable assets to people retiring today. Today, a major component of the typical retired household’s portfolio is their home. In fact, the house is the major asset for most families. But today…
ICI conclusions rest on shaky assumptions and exaggerate levels of Social Security benefits. The thrust of a recent Investment Company Institute (ICI) study – “Who Participates in Retirement Plans, 2016” – seems to be “Don’t worry if young people and others aren’t saving for retirement. Retirement saving isn’t high on their agenda. They will start…
