The Predictable Surprise

The Predictable Surprise

The Unraveling of the U.S. Retirement System

Book - 2012
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Social Security is in jeopardy, private pension systems have fallen apart, and workers are trying to save on their own for retirement with the stock market in the worst shape since the Great Depression. In The Predictable Surprise, Sylvester J. Schieber shows that forewarnings of the comingretirement crisis have been apparent for decades, but we have never mustered the political will to address the problem. This book explains how we have gotten into the retirement predicament and where we can go from here. Schieber, a renowned authority on this topic, provides a compact, insightful history of Social Security, pension plans, and other retirement options, highlighting both their original justifications and the point when things began to go wrong. He brings his discussion right up to the present morassand concludes with suggestions as to how we can reform our retirement system. Our situation is not hopeless, Schieber concludes, if we take on some of these issues and resolve them. If we do not, we will severely jeopardize the prosperity of younger generations.
Publisher: New York : Oxford University Press, [2012]
Copyright Date: ©2012
ISBN: 9780199890958
0199890951
Branch Call Number: 331.252 SCH32
Characteristics: xxii, 452 pages : illustrations ; 25 cm

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SirWhiskers
Apr 27, 2012

The author provides a very good overview of "how we got here" concerning social security and private pensions. My only criticism is that he has a few biases that come through strongly, even when the data he provides seems to contradict his analysis in a particular area. However, that's a bit of a nitpick - I definitely recommend this book, just not all of the author's conclusions.

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