Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > My Weekly Reading for September 8, 2024
Economy

My Weekly Reading for September 8, 2024

Last updated: September 8, 2024 11:01 am
Share
My Weekly Reading for September 8, 2024
SHARE

Romina Boccia and Ivane Nachkebia, from Cato at Liberty, published an insightful article on September 5, 2024, discussing the total replacement rate of the US retirement system. The article highlights that the US retirement system, encompassing both Social Security and voluntary pensions, replaces over 73 percent of pre-retirement earnings for average workers. This rate is significantly higher than the OECD average of 55.3 percent, positioning the United States ahead of many other countries with more robust government-run systems.

Comparing the US system to France, the article points out that French public pensions only replace 57.6 percent of pre-retirement earnings for an average worker, in contrast to Social Security’s 39.1 percent replacement rate. However, when voluntary pensions are factored in, the total replacement rate for the US system surpasses 73 percent. This discrepancy underscores the importance of considering voluntary pensions in evaluating the overall effectiveness of the US retirement system.

Furthermore, the article sheds light on the dependency of American seniors on government benefits for retirement income, revealing that public benefits make up only 39.3 percent of American seniors’ total income. In contrast, French seniors rely much more heavily on government support, with public benefits accounting for 78.1 percent of their total income. This disparity showcases the level of self-reliance and financial planning among American retirees compared to their French counterparts.

In a personal reflection, the author shares their experiences attending seminars with economist W.H. Hutt, recognizing his significant contributions beyond popularizing the phrase “consumers’ sovereignty.” Hutt’s insights into how free societies function and thrive continue to hold relevance in the modern era, offering valuable lessons for policymakers and economists alike.

See also  Got a OnePlus phone? Someone could be reading your text messages

Switching gears, the article delves into the concept of industrial policy, a set of economic ideas and policy recommendations gaining traction among political candidates. Defined as a loose collection of diagnoses and proposals, industrial policy has garnered support from various quarters, including the AFL-CIO and Democratic presidential hopefuls. The article explores the different interpretations and implications of industrial policy, drawing on historical perspectives and personal experiences to enrich the discussion.

In conclusion, the article provides a comprehensive analysis of the US retirement system, contrasts it with international counterparts like France, highlights the enduring legacy of economist W.H. Hutt, and examines the evolving discourse around industrial policy. With its diverse range of insights and perspectives, this article offers a thought-provoking exploration of key economic and policy issues shaping contemporary discourse.

TAGGED:ReadingSeptemberWeekly
Share This Article
Twitter Email Copy Link Print
Previous Article My Students ‘Flow’ Their Way to Joyful Learning. Yours Can, Too (Opinion) My Students ‘Flow’ Their Way to Joyful Learning. Yours Can, Too (Opinion)
Next Article How ‘life planning’ founder George Kinder thinks you should manage money How ‘life planning’ founder George Kinder thinks you should manage money
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Lied on your resume? Get real Microsoft Office skills here

In today's competitive job market, it's not uncommon for job seekers to embellish their resumes…

September 1, 2024

Johnny Bananas Didn’t Send Racist Tweet to Big Brother’s Taylor Hale

Johnny “Bananas” Devenanzio, a familiar face to fans of MTV’s “The Challenge,” found himself in…

February 10, 2025

The Economic Impact of Superstars

The economic impact of superstars like Taylor Swift and Shohei Ohtani is a topic of…

October 14, 2024

How to get Military Power Regulators

Military Power Regulators are essential resources in Dune Awakening, especially for crafting some of the…

June 12, 2025

Pregnant women advised to avoid mentholated e-cigarettes

Vaping during pregnancy has become increasingly common, but the potential risks to the developing baby…

March 27, 2025

You Might Also Like

Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?
Economy

Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?

October 31, 2025
Alphabet hikes capex again after earnings beat on strong ad, cloud demand
Economy

Alphabet hikes capex again after earnings beat on strong ad, cloud demand

October 31, 2025
What is a merchant bank?
Economy

What is a merchant bank?

October 30, 2025
Fed Cuts Rates by a Quarter Point, as Expected
Economy

Fed Cuts Rates by a Quarter Point, as Expected

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?