Like other industrialized countries Australia and the United States have legislated systems to assure adequate income to the elderly. This paper compares some features of those systems in the two countries, considers the risks inherent in a privatized pension system and describes the Social Security "crisis" in the United States. There is a similarity between the former risk and the latter crisis that has implications for social policy in both countries.
Title
Superannuation and Social Security in Australia and the United States