In the News • September 27, 2016
“What does it take to be middle class in Los Angeles? That was the question Ross DeVol started out asking himself when he began calculating how much a resident would need to make to spend 30 percent of earned after-tax income on rent for a two-bedroom apartment in Los Angeles County. The answer: a whopping […]
In the News • September 20, 2016
“The Financial Times reports today that the “U.S. is building toward a pensions crisis,” noting that “roughly 45% of working-age households have no retirementsavings.” Forgive me if I don’t wet my pants. Figures like these tell us very, very little about how well Americans are preparing for retirement. In fact, as my new American Enterprise Institute paper shows, better data […]
In the News • September 17, 2016
“You are five to 10 years away from retirement and worry that you are behind in planning. You probably are. You are certainly not alone. A third of Americans between 55 and 65 have saved nothing for retirement, according to the National Institute on Retirement Security. The good news is that if you act now, […]
In the News • September 14, 2016
“During their working years, women tend to earn less than men, and when they retire, they’re more likely to live in poverty. These are women who raised children and cared for sick and elderly family members, often taking what savings and income they had and spending it on things besides their own retirement security. The […]
In the News • September 6, 2016
“Women earn less and live longer. That’s why they need to pay special attention to saving for retirement.But how?Locally, there are some answers.Retirement Income Solutions for Women is a four-week course for those 45 or older who are concerned they won’t have enough money for retirement.Cost for the series is $60, which includes four classes, […]
In the News • September 4, 2016
“Three key decisions about retirement benefits can help couples make their money last — or dramatically increase the chances that the survivor will end up old and broke. Widowed women are twice as likely as their male counterparts to live in poverty during retirement, according to a March study by the National Institute on Retirement Security. But […]
In the News • September 1, 2016
“A plan to create a state-run retirement program for nearly all private workers in California passed out of the Legislature late Wednesday and now awaits approval by Gov. Jerry Brown. But even if the governor signs the bill written by Senate leader Kevin de León (D-Los Angeles), which was opposed by some in the investment industry, the nearly 7 million workers eligible for […]