Addressing the Problem of Retirement Income
Bloomberg columnist Clive Crook wrote last week about the problem of retirees not having enough money to have a decent standard of living. But as Dean Baker noted over at Beat the Press, Crook's plan for Social Security going forward isn't exactly clear. Along with proposals for raising the retirement age and means-testing, he advocates a new, separate system of partial privatization. Even if it's not clear whether Crook wants to expand or privatize Social Security, at least he's talking about the issue of retirement income.