Comments for NYT Discovers Retirement Income Problem at http://www.cepr.net , comment 1 to 2 out of 2 comments http://www.cepr.net Thu, 23 May 2013 18:52:01 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/nyt-discovers-retirement-income-problem#comment-19059 California workers don't have a retirement income problem , the have an income problem. If workers had obtained a proportion of their increased productivity since 1970, they would be able to supplement Social Security , and maintain a decent lifestyle through their working years. Without having sufficient income to maintain a middle class/ working class lifestyle, workers will not contribute to the 401k, which is a perfectly appropriate choice. Most 'solutions' fail to factor in opportunity cost : having $100 when you are in your twenties is worth far more than having $100 in your seventies. - John Yard Sun, 23 Sep 2012 07:44:51 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/nyt-discovers-retirement-income-problem#comment-19057 It's not even an new idea in California. Arnie proposed it back in '05. - PeonInChief Sun, 23 Sep 2012 06:03:00 +0100