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Retirement saving by the middle class has increased dramatically over time, even when measured against the growth of the annual incomes. But that’s not the case for the poor, whose saving occurs primarily through Social Security. We need better information on all the retirement assets that Americans have built up if we want to understand why saving by low-income households doesn’t match rising retirement plan assets for the middle class.

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President-elect Donald Trump’s selection of Rep. Mick Mulvaney as his Office of Management and Budget director is a bad sign for the military.

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Modern society demands that everyone have protection against the extreme financial risk posed by expensive and catastrophic health events. As Republicans come to direct the future of health policy, they should prioritize this reality by including as a cornerstone of reform, access to secure and affordable coverage for all Americans.

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Credit: Twenty20

Congress can begin to fill in the cumulative hole of military modernization and readiness before Trump advances his first budget.

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AEI president Arthur Brooks joins this week’s episode to discuss the year in review and the future of the free enterprise movement.

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Men walk near damage inside Aleppo's Umayyad mosque, Syria December 13, 2016. REUTERS/Omar Sanadiki

Trump should provide Kurds with military support and demand Iraqi Kurdistan lift its blockade. He should work with Jordan rather than Turkey to create and expand a safe haven.

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This year, as every year, I believe AEI scholars are setting the standard for intelligent, civil, and nonpartisan analysis.

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We’ve made a lot of economic progress in the last half century thanks to free market capitalism and global competition as this example illustrates — for what a single Sears TV console cost in 1964, the same amount of inflation-adjusted dollars today can buy five modern kitchen appliances and seven state-of-the-art electronics items, including a laptop computer, iPhone, iPod and a 55-inch Samsung Smart HDTV.

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President Barack Obama (R) applauds beside members of the First Family as they participate in the 94th Annual National Christmas Tree Lighting on The Ellipse, near the White House, in Washington, U.S., December 1, 2016. REUTERS/Mike Theiler

The holiday season may be a good time to provide some suggestions for how commentators and citizens can go forward at a time when, even more than usual, narrow margins seem to be producing widely different outcomes.

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Hassett and Zhong seek to explain two aspects of betting markets: the tendency for longshots to win less often than odds would indicate and the tendency for favorites to win more often. They present empirical evidence that is consistent with the predicted presence of Knightian uncertainty and that Knightian uncertainty may be not “learnable” to the traders in prediction markets.

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