In answer to "A Miserable Deal for Today's Young Workers" by Peter J. Ferrara (Viewpoints, Aug. 18), note the following facts.
According to present eligibility standards, 83% of the population (working) do not participate in any form of Individual Retirement Account plan.
Why? Americans generally are not "savers," and when they do participate in pension plans, they see their savings diverted by many corporations.
Social Security is a bedrock plan that has proven itself. The poorhouse of the 1800s no longer exists.
We are all living longer, thanks to Medicare. Show me an insurance company that will provide similar coverage for death, disability and retirement.