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Should the U.S. Mandate Private Pension Saving?

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Uploaded by on Jul 9, 2008

A recent report on Australia's mandatory retirement system, known as superannuation, found that the average Australian will retire on a nest egg of more than $500,000-five times the nest egg of a typical 401(k) participant approaching retirement in the U.S. Most workers are required to save 9% of pay. Could adapting features of superannuation reverse America's retirement shortfall?

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  • australia also banned guns, too. This is bullcrap, this is not supported by the constitution. I don't want to live in a fascist/socialist state, thank you. I don't need government "protecting" me. If the government wanted to protect me, we would not have fiat money that looses 64% of it's buying power in 30 years. The government steals our money by inflation caused by our federal reserve notes. I am too smart to fall for this crap. it's a high tech version of slavery.

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