Wednesday, April 03, 2013

Better Luck Next Time

We've started to change the conversation about Social Security ever so slightly. Whether this blog flapping its wings had anything to do with it, I don't know, but in any case we've had several people in non-crazy blue blogs say that we need to increase Social Security benefits.

What struck me was that there has been an increasing acknowledgment that the 401K experiment was a failure. In response to this there was discussion of improvements to that system that might pay off for current 25-year-olds. Maybe we can re-run the experiment for another couple of generations and see how it works. But we also need to figure out how to deal the victims of this failed experiment. Soon.