Skip to Content
Rekenthaler Report

The Financial Times Is 'Alarmed' by the U.S. Retirement System

The FT’s portrayal of a decaying American retirement system looks to be off-target.

In Dissent
Last month, Financial Times published a wide-ranging article titled “Legacy of Lehman Brothers is a global pensions mess.” Among other things, it contended that “the evidence from the U.S.” on defined-contribution retirement plans, such as 401(k)s, has been “alarming.” The FT advocated that countries with traditional pension systems continue doing so, lest by switching to 401(k)s they create “even greater problems.”

One would think, per the FT’s comments, that the American elderly have become poorer. Not so. For Americans aged 65 years and higher, the 50-year trend in the U.S. poverty rate, as provided by the U.S. Census Bureau, has been down, down, down. The current rate is less than half of when Richard Nixon took office and about 40% lower than on the date of Ronald Reagan’s inauguration.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.