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Was the 401(k) a Mistake?

The Daily

20-05-2024 • 29 minutes

The first generation to be fully reliant on 401(k) plans is now starting to retire. As that happens, it is becoming clear just how broken the system is.

Michael Steinberger, a contributing writer for The New York Times Magazine, explains.

Guest: Michael Steinberger, a contributing writer for The New York Times Magazine who writes periodically about the economy and the markets.

Background reading:

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

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