50 Years Later, War on Poverty Is a Mixed Bag

To many Americans, the war on poverty declared 50 years ago by President Lyndon B. Johnson has largely failed. The poverty rate has fallen only to 15 percent from 19 percent in two generations, and 46 million Americans live in households where the government considers their income scarcely adequate. But looked at a different way, […]

Bipartisan group calls for universal long-term care insurance plans

Without a publicly supported long-term care insurance program, the number of older persons and families made destitute by the cost of care will grow by millions over the next 30 years. The long-term care costs for our aging population are growing so fast and can be so financially overwhelming for families that the United States needs a universal catastrophic insurance program […]

Disparity in Life Spans of the Rich and the Poor Is Growing

One of the most alarming results of growing economic inequality in the U.S. is the widening gap in life span between low and higher income individuals. Experts have long known that rich people generally live longer than poor people. But a growing body of data shows a more disturbing pattern: Despite big advances in medicine, […]

The State of American Retirement: How 401(k)s have failed most American workers

The emerging retirement security crisis in the United States and the growing importance of social security. Today, many Americans rely on savings in 401(k)-type accounts to supplement Social Security in retirement. This is a pronounced shift from a few decades ago, when many retirees could count on predictable, constant streams of income from traditional pensions […]