“Depending on who you listen to, Barack Obama either wants to steal your pensionor make sure you have enough to retire on. Whatever the truth, the White House’s latest budget shows a lot of interest in retirement. What it fails to demonstrate is much in the way of new thinking.
As the White House pointed out, the US is facing a retirement crisis. A report out on Tuesday from Natixis Global Retirement Index ranks the US 19th in retirement savings worldwide. Millions lack access to a retirement savings plan at work. Fewer than 10% of those without plans save in a retirement account on their own.” -The Guardian