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But we saved everything 🙂.
Andrew Biggs draws attention to the optimistic assumptions about fertility that are reflected in U.S. Social Security projections. In a brief post, Biggs points out the role such demographic forecasts play in shaping the outlook for the system's finances.
Biggs has previously said most seniors who feel financially secure in retirement have between $100,000 and $249,000 in savings, well below the commonly cited $1.46 million figure. In a separate analysis, he explained that the net U.S. tax rate, after accounting for Social Security benefits, is lower than the statutory rate. His work frequently examines U.S. retirement policy and its underlying assumptions.