Andrew G. Biggs and Sylvester J. Schieber: The Imaginary Retirement-Income Crisis – WSJ

In a 2013 study the Organization for Economic Cooperation and Development compared the incomes of a country’s retirees with the average income in that country. The results are surprising. Despite a supposedly stingy Social Security program and ineffective retirement-savings vehicles, the average U.S. retiree has an income equal to 92% of the average American income, handily outpacing the Scandinavian countries 81%, Germany 85%, Belgium 77% and many others.

In dollar terms, America’s retirement incomes are 53% above the OECD average, second highest in the world. If there’s a crisis in the U.S., the rest of the developed world must be a virtual retirement hellhole. No one truly believes that.

via Andrew G. Biggs and Sylvester J. Schieber: The Imaginary Retirement-Income Crisis – WSJ.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s