The Predictable Surprise by Sylvester J. Schieber
The Unraveling of the U.S. Retirement System

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Synopsis

Social Security is in jeopardy, private pension systems have fallen apart, and workers are trying to save on their own for retirement with the stock market in the worst shape since the Great Depression. In The Predictable Surprise, Sylvester J. Schieber shows that forewarnings of the coming retirement crisis have been apparent for decades, but we have never mustered the political will to address the problem. This book explains how we have gotten into the retirement predicament and where we can go from here. Schieber, a renowned authority on this topic, provides a compact, insightful history of Social Security, pension plans, and other retirement options, highlighting both their original justifications and the point when things began to go wrong. He brings his discussion right up to the present morass and concludes with suggestions as to how we can reform our retirement system. Our situation is not hopeless, Schieber concludes, if we take on some of these issues and resolve them. If we do not, we will severely jeopardize the prosperity of younger generations.
 

About Sylvester J. Schieber

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Sylvester J. Schieber is Former Chairman of the Social Security Advisory Board, and the author or editor of numerous books on various aspects of population aging and retirement.
 
Published February 1, 2012 by Oxford University Press. 480 pages
Genres: Business & Economics, Political & Social Sciences, Professional & Technical. Non-fiction

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To add to our current economic anxieties, along comes Schieber (co-author: Fundamentals of Private Pensions, 2010, etc.), warning our children and grandchildren about their golden years turning to dross because of the reluctance of political leaders to grapple with a retirement system that cannot...

Jan 01 2012 | Read Full Review of The Predictable Surprise: The...

Publishers Weekly

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Blaming the derailment of Social Security reform in 1998 on Monica Lewinsky is the one note of levity in Schieber’s comprehensive, accessible analysis of the U.S. retirement system.

Dec 12 2011 | Read Full Review of The Predictable Surprise: The...

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