The Retirement Crisis That Isn't?
New research asks the question.
When I type "America's retirement" into Google, the first suggestion to complete the phrase is "crisis." That generates 6 million references. On the first page, Forbes states that this is "the greatest retirement crisis in American history." MarketWatch writes that the "retirement crisis will be America's next big disaster." For its part, bankrate.com doesn't even feel the need to make the case, noting that "America's retirement crisis is well documented."
Who will argue otherwise? Certainly not the financial-services industry. Nor critics of the 401(k) system, who brandish the retirement crisis as their battle flag. Not journalists, either. If crises did not exist, journalists would be forced to invent them.