Retirees in the Poor House?

Peru 2010_0586

There are so many news articles about poor retirees that it would be nearly impossible to count them. In opposition to that trend is an opinion article (may be behind a pay wall) in Friday’s (Jan. 24) Wall Street Journal. Sylvester J. Schieber and Andrew G. Biggs, both of whom have deep experience with Social Security, report a serious data problem with many estimates of retirement income.

Here’s the thesis: the common narrative “about the declining income prospects of retirees is not true.” Continue reading