Abstract:
This is a profile of the retirement income system in the United States. The purpose and evolution of pensions throughout the twentieth century, as well as predictions of the future of pensions are discussed. Along with a discussion of the make-up of pensions is an exploration of the possible effects of pension growth on the economy, personal savings, and labor markets in the United States. Finally, issues in pensions are discussed, including misuse and mismanagement of pension funds as well as other ethical issues regarding pension funds.