In a Forbes column, NIRS Executive Director Dan Doonan writes that there’s no arguing that Swift’s economic footprint is big and will only grow as her international tour continues and she releases re-records of her previous albums.
But there’s an economic juggernaut bigger than Swiftonomics that occurs every single day. It’s called Pensionomics, or the economic ripple effect of retirees spending their pension income. It’s not as glamorous, fun, and attention-grabbing as Swiftonomics, but pension spending has a reliable economic impact that supports economic growth and jobs in virtually every community across America.
Statement on Efforts in Alaska to Restore Pension Benefits to Address Grave Workforce Shortage
Alaska’s effort to restore a pension plan for public workers represents meaningful progress in addressing one of the state’s most pressing challenges: attracting and retaining a stable, experienced public workforce. While Governor Dunleavy has vetoed the legislation, the fact that the measure passed both the House and Senate demonstrates a growing recognition that retirement benefits are not just about retirement security — they also are an essential workforce management tool.
