The Phony Retirement Crisis



Lawmakers are taking action to deal with the “retirement crisis.” More than 200 House Democrats are sponsoring a bill to expand Social Security benefits, funded by a dramatic increase in taxes. California, Connecticut, Illinois and Oregon have established state-run retirement plans for private sector-workers, which some progressives hope will supplant 401(k)s.

But there is no retirement crisis among either today’s retirees or tomorrow’s. Eight in 10 retirees tell Gallup they have enough money to “live comfortably,” and 6 in…



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