False alarms distract from real retirement challenges
In a Forbes column, Dan Doonan writes that despite economic challenges, public pension plans in the U.S. have remained resilient. In fact, many plans remain at their highest funded levels in years, even with more conservative investment return assumptions.
The strength and resiliency of these retirement plans can be attributed, at least in part, to the implementation of changes stemming from lessons learned following the Great Recession. Yet, misinformation continues about the financial health of these retirement plans that provide economic security for state and local government workers like first responders and teachers.
80% of Americans Say U.S. Faces Retirement Crisis Amid Affordability Pressures and Debt
New national research from the National Institute on Retirement Security finds that 80 percent of Americans believe the nation faces a retirement crisis, as rising costs, debt, and other affordability pressures make it harder to save. The survey also finds widespread caution about AI-generated financial advice and cryptocurrency in workplace retirement plans, while 85 percent say Washington should make retirement security a higher national priority.
