Read Chapter 17 – Issue: Retirement Security

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Content:

Opening story: Hazel’s 90th birthday party – 745

Introduction to the Issue – 747

Quick Activity: “Dream Retirement Vision Board” – 748

Expanding the Models – 760

Shared Tools: Opportunity cost – 760

Conventional Theory Tools: Production possibilities curve (PPC) – 761

Conventional Policies – 766

Conservative Policy: Total privatization of retirement accounts – 766

Liberal Policy: Strengthen Social Security; improve incentives for supplemental private retirement accounts – 768

Radical Theory Tools: Individuals at risk and social safeguards – 769

Radical Policy – 774

Radical Policy: Universal basic pension (UBP); optional worker-owned pension funds – 774

Bonus Tool: Game Theory – 777

Exercise 17.1: Cooperate or Compete? – 781

Discussion story: Which box did be check? – 785

Understanding the Issue – 786

Quick Activity: ” Your Retirement Savings” – 787

Voices on Retirement Security – 804

• Radical: Voice, Summary, Talking Points – 805

• Conservative: Voice, Summary, Talking Points – 812

• Liberal: Voice, Summary, Talking Points – 819

The Shared Outcome – 826

Three-in-One Activity: “The Golden Years” – 827

Re-Vote – 836

Test Yourself, Key Terms, Answer Key – 836