What steps can the government take to help ensure households have enough money for when they retire? Are these actions likely to be implemented?

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The government can take several steps to help ensure that households have enough money for retirement. These include introducing or increasing programs such as Social Security and Medicare, which provide a guaranteed source of income for retirees. Furthermore, the government could introduce incentives to encourage people to save more for retirement by offering tax breaks on contributions to 401(k) accounts or other investment vehicles. Finally, the government could also make it easier for people to access financial advice and information regarding retirement planning so they can make informed decisions about their financial future.

These actions are likely to be implemented given the large number of baby boomers who are retiring in the coming years. The government is already making efforts towards improving retirement security through various initiatives such as limiting fees on certain types of investments and raising awareness around financial literacy. Additionally, many countries have adopted pension reform plans which aim to improve access to pension benefits and better manage long-term risk exposure.