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The Unraveling of the U.S. Retirement System
Oxford University Press
March 2012
On Sale: March 1, 2012
480 pages
ISBN: 0199890951
EAN: 9780199890958
Kindle: B006W6R2GQ
Hardcover / e-Book
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Non-Fiction
Social Security is in jeopardy, private pension systems have
fallen apart, and workers are trying to save for their own
for retirement with the stock market in the worst shape
since the Great Depression. In The Predictable Surprise,
Sylvester J. Schieber shows that forewarnings of the coming
retirement crisis have been apparent for decades, but we
have never mustered the political will to address the
problem. This book explains how we have gotten into the
retirement predicament and where we can go from here.
Schieber, a renowned authority on this topic, provides a
compact, insightful history of Social Security, pension
plans, and other retirement options, highlighting both their
original justifications and the point when things began to
go wrong. He brings his discussion right up to the present
morass and concludes with suggestions as to how we can
reform our retirement system. Our situation is not hopeless,
Schieber concludes, if we take on some of these issues and
resolve them. If we do not, we will severely jeopardize the
prosperity of younger generations.
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