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For Some, Dependence on Social Security May Be Lessening
American Enterprise Institute (AEI) Resident Scholar Andrew Biggs suggests that increases in retiree’s income from other sources is leading to a lessening of the persistently-reported dearth of financial security among portions of the senior population. In an article published on www.aei.org, Biggs analyzes the origin of media reports on savings deficiencies, and counters this mindset with statistics in support of his conclusion that “retirement savings are higher and private retirement incomes more widespread than any time in U.S. history, while exceeding the vast majority of other developed countries.” Read his article here…