Retiree spending ripples through the nation... 6.5 million jobs and $1 trillion in economic impact.
Focus
A new national economic impact study finds that DB pension benefits have a significant economic impact: 6.5 million American jobs and $1 trillion in economic output.
News
May 5, 2012 - When picking a place to retire, an important criteria is the percentage of people collecting pensions. The Wall Street Journal reports that states with many pensioners have greater financial stability.
Exchange
When retirees spend their pension checks, that spending churns through the economy and supports jobs. American retirees spend money daily on food, medicine, housing and other essentials. This holds true whether the retiree works in the private or public sector. It makes perfect sense.
