Here's why the U.S. retirement system isn't among the world's best
Published On Oct 16, 2024, 10:36 AM
The U.S. retirement system ranks poorly compared to other countries, receiving a C+ grade and placing 29th out of 48 in the Mercer CFA Institute Global Pension Index. Main issues include limited access to workplace retirement plans and significant 'leakage' from 401(k) accounts when individuals switch jobs. Although Social Security serves as a primary income source for older Americans, its benefits are lower than those in many other nations. Policymakers are attempting to improve the system through measures such as auto-IRA programs, but challenges remain.
Stock Forecasts
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Given the ongoing discussions around retirement reform and the potential for the introduction of new policies that might enhance the retirement system, companies providing retirement plan services may see a positive impact. Some sectors related to financial planning or retirement investments could benefit from increased public interest and investment in retirement solutions.
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