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The Truth About Retirement Savings
U.S. Chamber of Commerce Link to more items from this source
Mar. 2, 2014
"The implication from the flawed [current population survey (CPS)] data that Americans do not have enough non-Social Security retirement income diverts attention away from the successes of America's private retirement system. The gradual transition from defined-benefit to defined-contribution plans that has occurred in recent years has helped put Americans on a more sustainable path to adequate retirement savings.... There is no doubt that further pension reform is needed, but the systematic exclusion of relevant and complete retirement data from the CPS confuses reality and distorts Americans' understanding of what needs to change."

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