The People’s Pension is the title of a new book by Eric Laursen to be published in April. With a subtitle The Struggle to Defend Social Security since Reagan, this book is a magnum opus in every sense. Its 800 pages provide the reader with an extensive chronology of events relating to the historical development […]
Where is the Public Debate on National Retirement Income Policy?
In the March 2011 edition of Commentary with the title Appeal for a National Retirement Income Policy we called for a Presidential Commission to be established to investigate and report on the current state of provision for retirement income in the United States. We identified the major issues to be examined by the Commission as: […]
The Challenge of Lifetime Income Management
Lifetime income management presents challenges at the individual, institutional and national level. At each of these three levels, the economic challenge is to generate lifetime capital and income and allocate these financial resources efficiently to meet needs at each stage of life. Shakespeare identified seven ages of man in As you like it, progressing from […]
OECD Issues Economic Outlook and Calls for Corrective Actions
The Paris-based Organization for Economic Cooperation and Development (OECD ) projects a decline in GDP growth for its 34 member countries from 1.9% in 2011 to 1.6% in 2012, before recovering to 2.3% in 2013. Within the group of OECD countries, the United States is expected to experience a slow growth recovery, the euro area […]
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