Social Security Report

Op-ed: America’s predatory retirement system is trapped in the Stone Age - AMAC & The Hill

Sid Mohasseb, an adjunct professor at the University of Southern California, writes in The Hill that, while many Americans celebrate their many freedoms, retirement just isn’t one of them. His main point is summed up with this: “The country’s dual approach is failing, as Social Security and pensions are becoming less and less effective; 401(k), Roth IRAs, and personal retirement accounts have been rocked by inflation, and Social Security can only replace up to 40 percent of income.” Mohasseb further notes that the main flaw of the American retirement system is its primary reliance on market performance, consumer spending, and economic health. Full op-ed here.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.