This piece on the Swedish personal accounts system has a bias based on the people they chose to quote. The emphasis on anxiety and uncertainty in the changed system, while real, does not necessarily reflect a poor system. Rather it reflects how people think who have been weaned in a welfare state.
The 800 pound gorilla in any attempt to move people to self reliance is the uncertainty, risk and widespread unwillingness of people to take responsibility for their own financial future. People can be helped to do this, but there are many who believe that people are not capable of these choices. I disagree.
People make choices in all other aspects of their life, why not in the financial security domain? A big barrier is that youngsters are not conditioned by parents or the public school system to do this.
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