High Retirement Anxiety For Millennials and Generation X
In a new Forbes column, Dan Doonan, NIRS executive director, says that many Americans are worried about retirement. But, substantial differences emerge across generations. Millennials (72 percent) and Generation X (59 percent) are significantly more more pessimistic about achieving financial security in retirement as compared to Baby Boomers (43 percent) and the Silent Generation (26 percent).
He adds that going forward, it will be critical for policymakers to find ways to strengthen our retirement infrastructure so these generations can be self-sufficient in their older years. Failure to act means that a comfortable retirement after a lifetime of work will only be a dream that cannot be fulfilled for most Millennials, Generation X, and generations that follow. Read the full column here.
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.
