Why It’s So Hard to Know How Much Retirement Savings Is Enough

Noted: The arguments from those Wisconsin economists, John Karl Scholtz and Ananth Seshardi, are often used to justify policies that would limit the expansion of Social Security and prevent the formation of a universal pension system. Because these policies have far-reaching implications, it’s worth inspecting Scholtz and Seshardi’s argument, which essentially boils down to this: Spending a lot of money to raise children is good preparation for retirement.