The United States is in the early stages of a crippling retirement crisis. Nearly half of all private-sector employees in the country—some 58 million people—had no company-sponsored retirement plan in 2018. As recently as 1999, only 39 percent of retiring workers were in this predicament. The retirement situation in the United States isn’t just bad; […]
The Federal Government Gave Up on Retirement Security
Recently, the U.S. Treasury said that it is perfectly okay for companies to swindle employees out of their pension by offering one-time payments worth less than the pension that those employees are giving up. The Department of Labor, nominally responsible for protecting workers in retirement plans, said nothing. This isn’t the first time the government stood by […]
A new proposal to expand Social Security would make it much better for working Americans
Feeling their progressive oats after a few years in the wilderness, House Democrats on Tuesday revived a proposal to increase and expand Social Security benefits while making the program more solvent for the foreseeable future. The Social Security 2100 Act, introduced by Rep. John Larson (D-Conn.) with 200 Democratic co-sponsors, would make the program more relevant […]
Why the World Needs to Rethink Retirement
The golden years look very different depending on where in the world you are, and, increasingly, which generation you are in. Aging populations and decreasing birthrates are spurring countries across the globe to reassess how retirement works — and what needs to change in order to extend the benefits available today to future retirees. Many […]
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