The Retirement Revolution That Failed: Why the 401(k) Isn’t Working

Aross the political spectrum, people warn of a coming time bomb in our retirement system. Many analysts believe the growing population of retirees will overwhelm the Social Security program, and that something must be done to shore up its finances. However, there’s another slow-moving time bomb out there, and that’s the gradual retirement of workers […]

The State of American Retirement: How 401(k)s have failed most American workers

The emerging retirement security crisis in the United States and the growing importance of social security. Today, many Americans rely on savings in 401(k)-type accounts to supplement Social Security in retirement. This is a pronounced shift from a few decades ago, when many retirees could count on predictable, constant streams of income from traditional pensions […]

How 401(k)s have failed most American workers

Today, many Americans rely on savings in 401(k)-type accounts to supplement Social Security in retirement. This is a pronounced shift from a few decades ago, when many retirees could count on predictable, constant streams of income from traditional pensions (see “Types of retirement plans,” below). This chartbook assesses the impact of the shift from pensions […]