Sanders is right: Biden is vulnerable to Trump on Social Security
A Washington Post column says that Bernie Sanders is “a longtime Social Security champion and last year introduced legislation that would increase benefits for lower-income Americans, as well as change the cost-of-living formula to compensate for the higher inflation seniors experience thanks to their disproportionate medical spending.” “It’s tough to overstate how important Social Security […]
Everyone should be worried about Social Security and 401(k) plans — including the presidential candidates
MarketWatch reports that “Democratic candidates have voiced their opinions on climate change, universal health care and the current president for months, but Tuesday marks the seventh and last debate before primary voting begins — and they still haven’t talked much about Americans’ future financial security.” Although their positions may be similar, considering they’re all Democrats, […]
Retirement Security Is On A Treacherous Path, New Report Warns
A Forbes column indicates that retirement security is on a treacherous path for the future with dwindling pensions and proposals to cut Social Security. “The most surefire way to achieve a secure retirement is to have income from a three-legged stool of a defined benefit pension plan, a 401(k) combined with other personal savings and […]
New Report: 40% of Older Americans Rely Solely on Social Security for Retirement Income
Only 7% of Retirees Have Ideal Situation of Income from Three Sources: Social Security, a Pension and Savings Social Security Kept More Than 7.5 Million Households Out of Poverty, Reduced Public Assistance Costs by $10 billion in 2013 Pensions Kept Nearly One Million Retirees Out of Poverty, Reduced Public Assistance Costs by $4 Billion in […]
National Institute on Retirement Security Applauds Passage of Retirement Legislation
Measure is Step Forward in Addressing U.S. Retirement Savings Crisis Despite Political Acrimony, Americans United in Concern About Retirement WASHINGTON, D.C., December 19, 2019 – At a time when working Americans are struggling to save for retirement, the National Institute on Retirement Security (NIRS) commends the U.S. Senate and House of Representatives for bi-partisan passage […]
Amid Worker Shortages, New Research Examines State & Local Employee Views on Their Jobs, Pay and Benefits
Amid Worker Shortages, New Research Examines State & Local Employee Views on Their Jobs, Pay and Benefits Public Employees Committed to Public Service Despite High Stress and Lower Salaries; Say Benefits are a Key Recruitment and Retention Tool and Cuts Could Drive Them Out of Public Workforce 85 Percent of State & Local Millennial Employees […]
New Research Finds Growing Financial Asset Inequality
New Research Finds Growing Financial Asset Inequality Persistent Concentration of Financial Assets Among the Wealthiest Coupled with Low Savings Poses Retirement Threat to Working Americans Among Baby Boomers, Top 25 Percent Own 91 Percent of Financial Assets; Similar Inequality Among GenX and Millennial Generations Webinar on Tuesday, October 1st at 2 PM ET to Review […]
New Case Studies Find Increased Taxpayer Costs When States Move Employees Out of Pension Plans
Alaska, Kentucky, Michigan & West Virginia Experiences Offer Cautionary Examples to Policymakers on Retirement Plan Design Changes Webinar on August 13th at 2 PM ET WASHINGTON, D.C., August 7, 2019 – A new series of case studies finds that states that shifted new employees from defined benefit pensions to defined contribution or cash balance plans […]
NIRS Rebuts Column on the Nation’s Retirement Crisis
In response to a column that appeared in The Los Angeles Times, NIRS submitted a letter to the editor rebutting claims that Americans are sufficiently prepared for retirement. In the letter, NIRS indicates that the assertions is the column are misleading at best and misleading at worst. The letter points to U.S. Census Bureau data […]
Despite Political Polarization, Dems and GOP United in Concern About U.S. Retirement Crisis
DESPITE POLITICAL POLARIZATION, DEMOCRATS, REPUBLICANS AND INDEPENDENTS UNITED IN CONCERN ABOUT U.S. RETIREMENT CRISIS Majority of Americans Say They Can’t Achieve Financial Security in Retirement and New Tax Law Isn’t Helping; Millennials Most Pessimistic But Most Willing to Save More Findings Released During Live Webcast of 10th Annual Retirement Conference WASHINGTON, D.C., February 26, 2019 […]
