US pension system gets a bad rating – level 1
02-09-2025 15:00
The US retirement system is not very strong. In 2024, it gets a C+ grade. Other countries, for example, the Netherlands, do better.
One problem is that people in the US do not always join retirement plans. Another problem is that they take their money out early. Many workers take money from accounts before retirement, for health, houses, or other needs. This makes their savings smaller. Social Security may also have problems with money by 2033.
In other countries, workers must put money into the retirement system, so they save more. In the US, it is a choice, not a rule. Even so, many Americans have good retirement incomes. Experts say that new changes could make the system stronger.
Difficult words: retirement system (the way a country or company organizes money for people when they stop working), income (the money you get, usually from work or investments), choice (something you choose to do).
You can watch the original video in the Level 3 section.
What difference in contribution rules between the US and other countries contributes to stronger retirement savings abroad?
LEARN 3000 WORDS with NEWS IN LEVELS
News in Levels is designed to teach you 3000 words in English. Please follow the instructions
below.
How to improve your English with News in Levels:
Test
- Do the test at Test Languages.
- Go to your level. Go to Level 1 if you know 1-1000 words. Go to Level 2 if you know 1000-2000 words. Go to Level 3 if you know 2000-3000 words.
Reading
- Read two news articles every day.
- Read the news articles from the day before and check if you remember all new words.
Listening
- Listen to the news from today and read the text at the same time.
- Listen to the news from today without reading the text.
Writing
- Answer the question under today’s news and write the answer in the comments.
Speaking
- Choose one person from our Conversation section.
- Talk with this person. You can answer questions from Speak in Levels.
Stock images by Depositphotos
