Public pensions buoy economies of small towns, rural communities
BenefitsPro reports:
“Don’t mess with public pensions. Unless, that is, you want small towns and rural communities to suffer. That could be one way to interpret some of the findings of a report from the National Institute on Retirement Security.
The report reveals that not only do such communities experience an outsized benefit from those pensions, compared to major cities and metropolitan areas, but those same dollars also make up “significant amounts” of the total personal income of the recipients themselves.”
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.