That’s why defined contributions in individual accounts make sense. The promise is made good on a paycheck-by-paycheck basis instead of decades in the future. A

That’s why defined contributions in individual accounts make sense. The promise is made good on a paycheck-by-paycheck basis instead of decades in the future. And the amount contributed has to make financial sense now, which eliminates the risk of inability to pay. There are solutions that provide the benefits of retirement without pitting young against old.