Private Pensions

Working Longer Is A Lame Answer For Failing Pensions

It’s a journalism cliche that reporters always highlight the bad: they never write about the planes that don’t crash or the companies that don’t lie and cheat. But the topic of working into old age seems to be one of the most consistent exceptions. Most every example of journalism about working longer is of someone […]

The Forgotten Middle: Many Middle-Income Seniors Will Have Insufficient Resources For Housing And Health Care

As people age and require more assistance with daily living and health needs, a range of housing and care options is available. Over the past four decades the market for seniors housing and care—including assisted living and independent living communities—has greatly expanded to accommodate people with more complex needs. These settings provide housing in a […]

How the shift to 401(k)s has increased gaps in retirement preparedness based on income, race, ethnicity, education, and marital status

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 (see “Types of retirement plans” box). This chartbook assesses the impact of the shift from pensions […]

How Do Older Workers Use Nontraditional Jobs?

Working consistently through one’s fifties and early sixties is key to attaining retirement security. However, workers also need access to retirement plans – so they can continue to accumulate resources – and health insurance – so they can avoid withdrawing assets in the event of a health shock. Workers without access to these benefits will […]

Will More Workers Have Nontraditional Jobs as Globalization and Automation Spread?

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 […]