Editorial Board
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.
Photographer: Christopher Furlong/Getty ImagesThis 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.