Retirement USA in the News

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New Ideas For Social Security

by Saul Friedman, Time Goes By, October 02, 2010

Here’s a novel idea. Instead of worrying that Social Security will go bust in 30 years (it won’t) and considering absurd and unnecessary cuts in benefits for millions of Americans, why not expand this, the most popular social insurance program in the country, to provide for a universal defined benefit pension for every worker and his/her family?

Now, More Bad News: The ‘New Normal’ is Here to Stay

by Eric Schurenberg, The Fiscal Times, September 30, 2010
By this stage of the recovery, the longing is almost palpable. We want to get back to normal. It’s time to shake off this nasty recession and get back to the serious business of getting richer.

A time to discuss retirement policy

by Editorial, Investment News, September 26, 2010

The Great Depression was the trigger for the creation of the Social Security system, which greatly reduced poverty in old age.The Depression also brought about tax changes that encouraged companies to offer and contribute to defined-benefit plans by making corporate-pension contributions tax-deductible. The result was that until at least 2007, the nation had an apparently robust retirement system. The economic crisis has revealed cracks in that system. Americans face a $6.6 trillion shortfall in retirement savings, according to a study sponsored by Retirement USA.

Retirement Coalition Releases Research Showing $6.6 Trillion Retirement Income Gap

by Florence Olsen, BNA Pension & Benefits Reporter, September 21, 2010

About 70 million U.S. households with residents between the ages of 32 and 64 face a retirement income gap of $6.6 trillion, according to a new research study reported Sept. 15 by the Pension Rights Center and Retirement USA, a coalition of pension rights groups and labor unions.

U.S. Faces $6.6 Trillion Retirement Gap

by Joe Mont,, September 21, 2010

There's a $6.6 trillion gap between the pensions and retirement savings of U.S. households and what they should have to maintain their living standards in retirement -- and the gap is growing. That is the assessment made in the recently unveiled Retirement Income Deficit report by Retirement USA. Its release is intended to coincide with "Wake Up, Washington!," a "speakout" on retirement security that runs through Oct. 15.

Retirement debt clock starts ticking at $6.6 trillion

by Kelley M. Butler, Employee Benefit News, September 21, 2010

Ever just sat and stared at the National Debt Clock? I have. I’ve sat in awe watching our national debt jump by thousands literally each time I blink, and surge by the million in the time it takes me to make a sandwich. I find it frightening, but fascinating at the same time.  The retirement debt clock, on the other hand — wound and set last week at an event by Retirement USA at the launch of “Wake Up, Washington!” Month — I find only frightening.

Retirement Planning Fiasco: $6.6 Trillion Retirement Income Deficit

by Truman Lewis,, September 20, 2010
There's a lot of talk about the federal budget deficit but a Washington advocacy group says there's an even more threatening deficit facing the United States: a "retirement income deficit" that the group pegs at $6.6 trillion. The figure represents the gap between the pensions and retirement savings that American households have today and what they should have today to maintain their living standards in retirement, according to Retirement USA.

Here's your retirement reality check

by Kara McGuire, Star Tribune (Minneapolis, MN), September 18, 2010

Mack Salviejo-Rivas is thinking about retiring in the next couple of years. But after a historic stock market decline and the poky economic recovery, he's nervous, even though his financial planner said he's good to go.

U.S. Retirement Deficit is $6.6 Trillion: Study

by NU Online News Service, National Underwriter, September 17, 2010

The Center for Retirement Research at Boston College pegs the retirement income deficit for Americans at $6.6 trillion. The retirement income deficit represents the gap between the pensions, Social Security income, and retirement savings that American households have today and what they should have to maintain their living standards in retirement, according to Retirement USA, Washington, a coalition of consumer and labor groups that sponsored the study.

Are Retirement Concerns a Voting Issue?

by Emily Brandon, U.S. News & World Report, September 16, 2010

Retirement security issues are on voter’s minds as we approach the mid-term elections.