People aren’t saving

shocker

http://www.economicpolicyresearch.org/images/docs/retirement_security_background/Inadequate_Retirement_Account_Balances_for_Families_Nearing_Retirement.pdf

The policy recommendation seems weird.  If the problem is behavioral – people aren’t saving enough – then forcing them into a government run “guaranteed returns” program (a look at California’s teacher retirement fund and the federal social security are great examples of how inept government is at managing money) isn’t going to do anything.

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