Time for U.S. to address savings crisis for workers
U.S. president-elect Joe Biden has sketched out ambitious plans to reinvigorate the pandemic-battered economy. But without addressing a festering savings crisis, efforts to revitalize the middle class are doomed to fail. The U.S. savings and retirement system is broken, and desperately needs an overhaul to give Americans an opportunity to build lifetime financial resilience. The economic ravages of a pandemic mean that a national conversation in the U.S. on change is imperative, starting with ways to move towards more universal...