A piece that aired last week on “60 Minutes” has gotten some attention and a lot of play from those arguing that a retirement system based on 401(k)s or other investment accounts is fundamentally broken.
But I couldn’t disagree more completely with the data, inferences, and conclusions in this report—and I was pretty irked by some of the misrepresentations in the program. (Does shouting at the screen and stomping around the room count as “irked”?)