Over the last thirty years, Social Security, workplace pensions, and individual retirement accounts have become increasingly insecure, leaving more and more Americans to cope with financial uncertainty in old age. America’s pension system needs to be fixed.
In this timely volume, Mitchell A. Orenstein and his distinguished colleagues Gary Burtless, Teresa Ghilarducci, and Alicia Munnell argue that any approach to reforming the US pension system must be two-pronged. It must address both future imbalances in the Social Security program and weaknesses in the workplace and individual retirement systems on which an increasing proportion of Americans are now forced to rely. Weighing what is gained and what is lost as new proposals surface, this book offers readers a clear account and reasoned analysis of the looming crisis and what we can do about it.
Pensions, Social Security, and the Privatization of Risk is part of the Columbia University Press/Social Science Research Council’s Privatization of Risk book series.