When asked about the perfect model for an idyllic, state-assisted public retirement plan, many people automatically think of Europe and its cradle-to-grave coverage for workers.
But a new study by the EBRI indicates that even in the most progressive nations in Western Europe, getting citizens to save for retirement is still a challenge – as has been the case in the U.S.
EBRI's research, comparing the retirement systems of Denmark and those in the U.S., concluded that providing tax incentives for Danish workers did almost nothing to boost their savings rates – an observation some tax-hungry politicians in the United States may like to echo, as they look for ways to reallocate the taxes deferred to the future by DC plans.
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