Retirement USA is a national initiative that is working for a new retirement system that, along with Social Security, will provide universal, secure, and adequate income for future retirees. The initiative has developed 12 Principles for a New Retirement System, which provides a framework for a future system in which employers, workers, and the government would share responsibility for the retirement security for all American workers.
Get involved by signing our petition or adding your story to the Retirement USA Story Bank.
Did You Know?
Half of all families with 401(k)-type retirement plans and IRAs have less than $45,000.
Only half (52.6 percent) of families had 401(k)-type retirement plans or IRAs in 2007, and those who did had median savings of just $45,000 in those accounts, according to the Federal Reserve’s Survey of Consumer Finances. Though more recent survey data is not available, the total amount in these accounts was down 12 percent in 2009 relative to 2007, according to aggregate Federal Reserve figures.