The Real Retirement Crisis: Why (Almost) Everything You Know About the US Retirement System Is Wrong

Americans, and the elected officials who represent them, are worried about retirement. Majorities of Americans tell pollsters they fear a "retirement crisis" of inadequate savings and incomes in old age. Some argue that our system of 401(k)s and individual retirement accounts layered on top of a base income from Social Security is an abject failure. Only a complete reboot that expands Social Security and abandons 401(k)s can avert the retirement crisis. But what if the entire narrative is wrong?

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Release date

Ebook: 8 April 2025