The “retirement crisis” is a widely discussed topic, with many in the media and the public believing the nation faces a severe issue of inadequate retirement savings.
Go deeper: Accurately defining and measuring this crisis is complex, with varying perspectives on what constitutes sufficient retirement preparation and how best to assess it, according to American Enterprise Institute Senior Fellow Andrew Biggs.
- During an interview with Decoding Retirement podcast host Robert Powell, Biggs, author of “The Real Retirement Crisis,” asserts many alarming headlines and survey results suggesting a retirement crisis are “just wrong.”
He argues that these perceptions are often fueled by misleading data and flawed methodologies, and that the true “retirement crisis” lies instead with governments failing to fund their retirement benefit obligations, rather than households failing to save adequately.
