Retirement USA in the News
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New Ideas For Social Security
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
A time to discuss retirement policy
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
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
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
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
Here's your retirement reality check
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
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?
Retirement security issues are on voter’s minds as we approach the mid-term elections.