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 finds that Late Boomers, Generation X, and Millennials face a far less secure retirement landscape. The research, Retirement Then and Now: Shortfalls in the Retirement System Will Fail Many Future American Retirees, documents why a “don’t worry” narrative is dangerous.
In this Q&A, Doonan discusses this new research and America’s retirement outlook with Dr. Teresa Ghilarducci, one of the research authors, a leading retirement expert, and an economist at The New School.
Contrary to popular belief that Millennials and Generation Z employees are constantly switching jobs, new research from the National Institute on Retirement Security finds that younger workers today show job retention patterns that closely mirror previous generations at the same stage of their careers.
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 […]
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 […]