"In the richest country in the history of the world, a secure and dignified retirement should be available to every American, not just the extremely wealthy."
This is exactly why state pensions are the norm in Europe, and I think many other places around the world.
Here in Portugal, your taxes accumulate pension credit similar to social security in the US, but when you retire you receive around 80% of your highest salary over your career, instead of a few hundred dollars or whatever from American social security.
This is exactly why state pensions are the norm in Europe, and I think many other places around the world.
Here in Portugal, your taxes accumulate pension credit similar to social security in the US, but when you retire you receive around 80% of your highest salary over your career, instead of a few hundred dollars or whatever from American social security.
Pensions in the U.S. were largely replaced with 401k’s. Now we have hedge funds playing the stock market with trillions.