Sunday

Retirement Down Under

Forbes - You know that “retirement crisis” America’s facing? (More than half of U.S. households risk being unable to maintain their standard of living in retirement. … Social Security is due to run short of money by 2033. … About a third of workers aren’t offered retirement plans. …)

Now imagine living in a country where all employees are covered by an employer-sponsored retirement plan. Where the government equivalent of Social Security is generous. Where people don’t tap their retirement funds early, as many Americans do, running the risk of depleting their savings. Where the savings rate is 10%.

Say G’day to Australia.

Read the whole article "To solve the US retirement crisis, look to Australia" on Forbes.com

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