In the United States, and in many other countries, only a fraction of households have saved enough to look forward to a comfortable retirement. For those without a sizable nest egg, the so-called "golden years" are a grim prospect. Not surprisingly, governments around the globe are grappling with how their citizens will afford retirement.
Mandatory retirement savings accounts is a hot topic, as evidenced by buzz around Meir Statman's recent article in the Financial Analysts Journal, as well as the number of recent articles and blog posts tackling the issue of pension security. While a number of people are calling for mandatory retirement savings for employees in the United States, there is vigorous debate as to whether this is the way forward.
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