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Opinion
The Editors

How to Fix the Broken U.S. Retirement-Savings System

The country can do better than its current mess of regressive tax breaks. A fairer, simpler system wouldn’t even cost more.

A comfortable retirement should be within reach.

A comfortable retirement should be within reach.

Photographer: Christopher Furlong/Getty Images

This is part four of a series. Read more articles at the end of this editorial.

It’s hard to imagine a social program more dysfunctional than America’s morass of retirement-saving accounts. It costs hundreds of billions of dollars a year, excludes tens of millions of workers, and fails to ensure a comfortable old age for many who do participate.