Millions of people in the United States have little to nothing in retirement savings, a consequence of low-wage jobs that give workers minimal room to stash money away. Meanwhile, at the end of 2021, the nation's top CEOs held an estimated $9 billion in rapidly growing special retirement accounts that aren't available to their employees—a double standard established by the U.S. tax code.
' 'Nothing but the power of corporate leaders to rig rules in their favor can explain this double standard,' Anderson argued. 'Perhaps most importantly, we need to expand Social Security, the key pillar for retirement security for most Americans, particularly low- and moderate-income families who receive little to no tax benefits.
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