In the News • February 11, 2015
“Reaching your 50s or 60s with very little money set aside for retirement is unfortunate, but it’s not unusual. The average household headed by someone nearing retirement age has a median retirement account balance of only $14,500, according to the National Institute on Retirement Security. That includes the 45% of households in that age bracket with […]
In the News • February 10, 2015
“Depending on who you listen to, Barack Obama either wants to steal your pensionor make sure you have enough to retire on. Whatever the truth, the White House’s latest budget shows a lot of interest in retirement. What it fails to demonstrate is much in the way of new thinking. As the White House pointed out, the […]
In the News • February 8, 2015
“The statistics on the wealth gap between black, Hispanic, and white Americans are nothing short of shocking. A new report from the Urban Institute shows that this gap has widened dramatically over the last few decades. Today, white families have around 12 times the wealth of African-American families and 10 times the wealth of Hispanic families, by the institute’s […]
In the News • January 26, 2015
“The consequences of these growing savings shortfalls could be severe for both American families and the national economy, as a large share of households may be forced to significantly reduce consumption in retirement and will have to rely heavily on their families, charities, and the government for help to make ends meet. Rather than staying […]
In the News • December 12, 2014
“On the road to retirement land, Americans aren’t putting enough gas in the tank. New research from leading retirement security experts shows that shortfalls in 401(k) accounts — the dominant savings vehicle in the private sector — are large, and that the cost of filling them is much greater than people realize. The bottom line: […]
In the News • December 8, 2014
“A California plan to give private-sector workers a state-run retirement savings plan is nearing $1 million in contributions, the goal set to pay for a market analysis to help design the program. Although the California plan is still in the formative stage, last week the Illinois legislature approved a plan based on the California model, […]
In the News • December 4, 2014
Read the Pensions & Investments article.
In the News • October 6, 2014
“Andrew Biggs and Sylvester Schieber’s contention that American retirees aren’t facing a retirement income crisis is largely based on a single cherry-picked number from one chart from a 365-page report by the OECD (“The Imaginary Retirement-Income Crisis,” op-ed, Sept. 30). The chart shows that on average Americans over the age of 65 have an income […]
In the News • August 12, 2014
“I disagree with your Aug. 4 front-page article “City’s System for Pensions Shows Strain.” New York City’s pension funds are on the road to recovery after weathering enormous losses from the collapse of the housing bubble, the economy and the stock market. Comptroller Scott M. Stringer reported recently that the city’s funds posted a 17.4 […]