If Social Security personal retirement accounts had been availableto baby boomers, they would have substantially increased the babyboomers' net worth, especially among low-wealth families.Additionally, the gain in retirement security would be between$41,000 and $214,000 at age 65, in inflation-adjusted 2001 dollars.
The lack of progress in reducing child poverty since 1965 can be explained in part by the erosion of marriage and the growth of poverty-prone single-parent families.
/PRNewswire/ Economic gains attributable to private and public sector defined benefit pensions in the U.S. during the COVID-19 pandemic were substantial,.