In a Forbes column, NIRS Executive Director Dan Doonan writes time is on the side of those who save early, and this is just as true for Congress and Social Security as it is for an office worker putting savings into their 401(k).
The options for strengthening Social Security’s finances only become more expensive the closer we get to the date of the trust fund’s exhaustion, and potentially making up the shortfall with general fund revenues would be one of the most expensive options of all. Congress could demonstrate a real commitment not just to the growing senior population, but to fiscal responsibility by acting soon to shore up Social Security’s financing.
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 […]
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.