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 […]
In the News • August 8, 2014
“There is one undeniable demographic reality of our time. We are all going to have to work longer and save more for our retirement. Since the beginning of civilization, the care of the elderly has been the responsibility of younger generations. Before the last century, that responsibility was organized with families or tribes. But, beginning […]
In the News • July 4, 2014
“Saving for retirement early and often is part of the common financial wisdom. But those nest eggs aren’t always enough. Some baby boomers like Dorry Clay, a graphic designer and illustrator, set aside money for decades. Then unexpected costs arise. Ms. Clay learned she had cancer and raided her retirement account to cover chemotherapy. “That wiped […]