Recent research has called attention to alternative employment arrangements that often leave workers without retirement and health benefits and with income instability. At the same time, workers are facing increasing competition from automation and globalization. This competition is of special concern for older workers, who increasingly need longer careers to secure an adequate retirement and […]
These Social Security plans could help solve America’s retirement crisis
America is facing a looming crisis as generations of workers who mostly participated in do-it-yourself savings plans — or no plan at all — approach retirement. Though a few high-income households have amassed small fortunes in tax-favored retirement accounts, such as 401(k)s and IRAs, at least half of working households are expected to see a […]
Government-Sponsored Retirement Plans for Private-Sector Workers Fall Short
State and local governments are stepping in to help ordinary Americans save for their retirement as corporations continue to abandon their responsibility to help and the Trump administration takes steps to undermine the ability of workers to save. The new retirement plans for private-sector workers don’t come close to matching the richness of traditional retirement […]
Opinion: Elizabeth Warren calls for a dramatic expansion of Social Security benefits
Until now, the debate appeared to have been bookended by competing visions of the former and current chairmen of the House Ways and Means Social Security Subcommittee — Sam Johnson (R-Texas) and John Larson (D-Conn.). The Social Security 2100 Act, proposed in 2019 by Larson and others retains benefits and substantially increases the income rate. […]
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