Martin Feldstein is Right and Wrong About Social Security Supplements
Wednesday, 04 May 2011 19:12
Are we really fighting over Social Security privatization and reductions again!? A recent Wall Street Journal article by former Reagan advisor and Harvard professor Martin Feldstein has ginned up the debate.
BUT, sound the horns, I agree with conservative economist Martin Feldstein, but only on his main point. Cutting and privatizing Social Security is a bad idea, but we need to supplement Social Security. I call universal accounts that have guaranteed returns.
Why Can't All Workers Have the Same Retirement Plan as Federal Reserve Employees?
Tuesday, 12 April 2011 17:18
I was excited to contribute to the New York Times "Room for Debate " blog on April 11th to discuss the growing insecurity of American's retirement. As part of a series on "The Sorry Lot of the Risk-Averse Saver," I ask why savers can't have the same deal that Federal Reserve employees do? The unintended victims of low interest rates are a particular kind of saver whose major source of income comes from interest rates on bank accounts and other safe assets whose returns are linked to Federal Reserve policies.
Read the full article.
Urban Institute: Boosting Retirement Security for Low-Income Workers
Pension Reform: Beyond 401(k)s
Thursday, 07 April 2011 15:38
On Tuesday, April 5th, I participated in a panel at the Urban Institute titled "Can We Boost Retirement Security for Low-Income Workers?" I discussed my proposal for Guaranteed Retirement Accounts (GRAs) and how it would help low-income workers retire. Fellow panelists included Barbara Butrica, senior research associate, Program on Retirement Policy at the Urban Institute; Mark Iwry, deputy assistant secretary for retirement and health policy, U.S. Department of the Treasury; David John, senior research fellow, Heritage Foundation and Sheila Zedlewski, Institute fellow, Income and Benefits Policy Center, Urban Institute.
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