Editorial Board
America’s Retirement Crisis Is a Financial Crisis Too
Without significant reforms, state budgets could be overwhelmed within a decade. A better system is urgently needed.
Retirement wasn’t always a thing.
Photo: Lass/Getty Images
This is part one of a series. Read more articles at the end of this editorial.
America is facing a retirement crisis. Most experts agree that a significant portion of the population will lack the resources to live comfortably after they stop working. This, in turn, will place an increasing burden on the country’s social safety net.