Economist Dean Baker says that the reason for bleak retirement prospects for Americans is the disappearance of traditional defined benefit pensions and the failure of 401(k)-type plans to fill the gap. He backs the creation of state-managed plans for private-sector employees.
Economist Dean Baker says that the reason for bleak retirement prospects for Americans is the disappearance of traditional defined benefit pensions and the failure of 401(k)-type plans to fill the gap. He backs the creation of state-managed plans for private-sector employees. Hector Casanova Kansas City Star File
Economist Dean Baker says that the reason for bleak retirement prospects for Americans is the disappearance of traditional defined benefit pensions and the failure of 401(k)-type plans to fill the gap. He backs the creation of state-managed plans for private-sector employees. Hector Casanova Kansas City Star File

Dean Baker: Our bleak retirement prospects

December 28, 2015 07:00 AM

UPDATED December 28, 2015 02:32 PM

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