Are Kids Causing A Retirement Crisis?
(By – Andrew Biggs, Forbes Contributor)
If you think Americans face a retirement crisis, you also think kids are what’s causing it. There’s a policy debate over how well-prepared Americans are for retirement. Some analysts see a modest and manageable problem with retirement saving. Others predict a “retirement crisis” affecting the majority of the population and creating a multi-trillion dollar “retirement saving gap.” There are several facets to this debate. But the most important, yet the least-known, is the assumption that having kids is bad for retirement security. Arcane as it may sound, if you don’t accept that assumption it’s hard to conclude that Americans face a true retirement crisis. Read more…