America's facing a retirement disaster. There's a better way. | iCloud.Info

Tue, 04/16/2024 - 15:30

Aerial view of Sydney Harbor, Australia — Australia requires that employers contribute to employees' retirement funds.
Michael Dunning / Getty Images

Australia's superannuation system mandates employer-funded retirement contributions.
US retirement plans, by contrast, depend on employee contributions to accounts like 401(k)s.
If the US adopted Australia's retirement model, it could impact wage levels.

For many around the world, retirement can be a mixed bag.

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economy, finance, economy, finance, Retirement, Savings, 401k, social-security, Australia

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America's facing a retirement disaster. There's a better way.