September 8, 2016

NO ONE HAS IT HARDER THAN HIS YOUNGER SELF DID:

The GAO buries the lede on retirement saving (Andrew G. Biggs, September 8, 2016, Forbes)

There's a newspaper term called "burying the lede," in which an article highlights information of secondary importance while missing something truly interesting. A recent study by the Government Accountability Office (GAO) on retirement saving does exactly that. The GAO used a sophisticated computer model to project how much Americans may save in 401(k)-style retirement plans, warning that "Low defined contribution savings may pose challenges." But the GAO's computer model was capable of also projecting benefits from Social Security and traditional defined benefit pensions. When those other sources of income are included, the typical retiree is likely to have a total income that exceeds the average salary he earned during his working years. That's a "lede" that shouldn't have been buried.

Posted by at September 8, 2016 7:38 PM

  

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