Americans Are Worried About Retirement Savings, And They Should Be
This week is America Saves Week, a time to focus on actions Americans can take to successfully save. When it comes to saving for retirement, Americans are feeling pessimistic.
In a recent nationwide survey of working age Americans, 79 percent agree that the nation faces a retirement savings crisis, up from 67 percent in 2020. And more than half of Americans (55 percent) are concerned that they cannot achieve financial security in retirement.
the data indicate that Americans’ worries indeed are justified. The reality is that retirement security is out of reach for far too many Americans. Most Americans, particularly middle-class workers, are falling far short when it comes to saving enough money for a financially secure retirement. According to the National Retirement Risk Index, half of U.S. households will not be able to maintain their standard of living when they retire even if they were to work until age 65 and annuitize all their financial assets.
Is America’s Retirement System Failing Future Retirees?
In a Forbes column, NIRS Executive Director Dan Doonan writes that as America ages and income inequality deepens, concerns about retirement security are mounting. Some voices, however, indicate that retirement concerns are exaggerated, relying on data indicating that older Baby Boomers have largely fared well in retirement. But new research published in The Journal of Retirement […]
U.S. public policy typically encourages saving. Our retirement system has undergone a major transformation over the past four decades, shifting workers to an individual savings-based system. Public policy supports saving for college costs, health costs, and emergencies, so it seems odd when a specific group of Americans is denied the ability to save, but that […]
National Institute on Retirement Security to Hold Retirement Policy Conference in Washington, D.C.
MEDIA ADVISORY National Institute on Retirement Security to Hold Retirement Policy Conference on March 3 – 4 in Washington, D.C. February 20, 2025, Washington, D.C. – The National Institute on Retirement Security (NIRS) will hold its 16th Annual Retirement Policy Conference, Choices, Challenges, and Opportunities | Strengthening Our Retirement Infrastructure, in Washington, D.C. At the […]
Bipartisan Concerns Unite Americans On Retirement Security
The upcoming election is only days away, and the two presidential candidates remain in a statistical dead heat. Control of the U.S. Congress seems likely to be narrow as well, with either party having a chance to win control. Clearly, the electorate is deeply divided, and it is increasingly rare to find issues that transcend […]
This week is 
