05/01/2023
https://www.congress.gov...
"the defined contribution plans, really, right now on the data that is out there, just do not show up as a significant force."
"Let us talk about that. The lowest-income worker is--I mean, some significant number of them have a negative net worth."
"The annuitized income of Social Security remains a safeguard of retirement security for working-class families."
"And the amount suggests more security to many people than it really is."