During the last century, the establishment of Social Security and the tax-favored employer pension plans that followed transformed and improved the lives of American workers.  Combined with economic growth, these institutions meant that both the rich and the poor lived longer and every worker became entitled to pensions at the end of their working lives. […]

Most people have heard that our retirement income security system is built as if it were a three-legged stool, where income comes from Social Security, from employer-based pensions, and from personal wealth.  That image implies that there are equal sources of income coming from each of those sources for all retired families, and that image […]