Read More: Social Security, Retirement, Unemployment Benefits, Financial Education, Wharton, Penn Wharton Public Policy Initiative, Business News
The economic case for retirement pensions has also become much weaker. When work placed high physical demands on the body, old age was often synonymous with an inability to sustain oneself. Clearly, this is no longer true.
The U.S. economy and its financial markets continue to plow ahead, ostensibly immune to any effects of monetary tapering. Instead, the financial gods seem to be directing their fury towards emerging markets.