Believers in American exceptionalism can find much to applaud in the U.S. approach to funding retirement income. It’s a system that rewards self-reliance, encourages thrift and hard work, leaves lots of room for personal choice — and that has no parallel in the rest of the world. But, in our view, it doesn’t do enough to help Americans achieve financial security in retirement, so we should adopt best practices from other countries.
Bob Pozen
