Retirement Security

New Feature: Asset Building News Week

January 6, 2012
Publication Image

Way back in 2011, we conducted a survey of readers that told us a number of things: importantly, we learned that many of you look to us for timely news from the asset building field and that a regular round-up of articles would be a welcome addition to our other content. In keeping with the spirit of 2012 and resolutions and all that good stuff, the Asset Building Program is introducing a new weekly blog feature: a Friday news round-up. We hope this will help you (and us, for that matter) keep up with developments in the field, note-worthy news, and learn about partner organizations working around the U.S. on asset building, economic security, anti-poverty policy, and accessible financial services for low- and middle-income Americans. Topics will vary week-to-week (and depending on the news!) but we’ll aim to provide a diverse overview of the things we’re keeping an eye on that we think you’ll find interesting too.

Default Stickiness, Low-Income Employees, & Considerations for Designing AutoSave

December 16, 2011
Publication Image

The George Washington University School of Business and the Federal Reserve Board host a Financial Literacy Seminar Series  which bring together academics, policy makers, practitioners, and other experts interested in research on financial education and capability building.  Tuesday’s session featured Brigitte Madrian from the Harvard Kennedy School whose research is a cornerstone for our understanding of household saving and investment behavior,

Follow-Up: Beyond Our Means

December 14, 2011
Publication Image

On December 13, 2011 the Asset Building Program hosted Professor Sheldon Garon, author of Beyond Our Means: Why America Spends While the World Saves. While economists often claim people save according to universally rational calculations — saving the most in their middle years as they plan for retirement and saving the least in welfare states — there are substantial differences in savings rates across high income countries. For example, Europeans save at relatively high rates despite generous welfare programs, while Americans save little, despite weaker social safety nets. The assumption that generous social benefits will provide a disincentive to save doesn’t hold up.

Upcoming Event: Beyond Our Means

December 1, 2011
Publication Image

On December 13th, the Asset Building Program is pleased to welcome author and professor Sheldon Garon to speak about his new book, Beyond Our Means: Why America Spends While the World Saves. You can join us in person at 4:00 p.m. on the 13th or online for the live webcast (registration is not required for the online webcast).

Pension Reforms – Why Should I Care?

November 4, 2011

(originally published at Fox & Hounds Daily)
The current pension reform debate – with proposals from the governor and now from a team of Republicans via ballot initiative – is drawing considerable media attention.

It’s hard to understand why.

The debate has almost nothing to do with the broader public.

The pension changes being talked about won’t change all that much or save much money for other public programs. And the plans being offered don’t respond to the real problem in matters of retirement savings.

Upcoming Event: "Retirement Heist"

November 3, 2011
Publication Image

The Asset Building Program is co-hosting an event Monday, November 7th with the Pension Rights Center and AARP to discuss concepts put forth in Ellen Schultz’s book Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers. The event will feature the book’s author Ellen Schultz, Phyllis Borzi of the Employee Benefits Security Administration at the Department of Labor, Donald Fuerst from the American Academy of Actuaries, Karen Ferguson from the Pension Rights Center, Michael Calabrese from New America, and David Certner from AARP.

Briefing: Improving Economic Mobility: Restoring the American Dream for All

October 19, 2011

Tomorrow, October 20th, Justin King from the Asset Building Program is speaking at a briefing organized by the Congressional Out of Poverty Caucus. See the details below from the briefing invitation.

Event Summary: Facing Up to the Retirement Savings Deficit

October 17, 2011

On October 13, 2011, we hosted an event focused on the retirement savings deficit and possible ways to address the ongoing problem of retirement income security in the U.S. The video webcast is available here. Speakers included Mark Iwry, from the U.S. Department of the Treasury, Michael Calabrese, from the New America Foundation, William Gale from the Retirement Security Project at Brookings Institution, Teresa Ghilarducci from the Schwartz Center for Economic Policy Analysis at The New School, and David Certner from AARP. There is broad-based agreement among the experts gathered that there is a retirement savings crisis and the discussion focused on the potential of the Obama Administration’s Auto-IRA proposal, which bolsters the current retirement landscape by opening up savings opportunities for many workers who don’t currently have access to employer-sponsored retirement accounts, 401(k)s, or pensions.

Facing Up to the Retirement Savings Deficit

  • By
  • Michael Calabrese,
  • New America Foundation
October 13, 2011

Five years ago Congress enacted modest improvements for employer-sponsored pension and 401(k) plans. Since President Bush signed the Pension Protection Act of 2006, little progress has been made in narrowing the nation’s retirement savings deficit. Most workers are simply not saving enough over their life course to supplement the meager benefits they will receive from Social Security.

Event: Facing Up to the Retirement Savings Deficit

October 11, 2011
Publication Image

We are excited to be hosting an event this Thursday with a terrific panel of experts on retirement savings. The panel will discuss the retirement income deficit, low rates of participation in retirement savings plans, and possible ways to facilitate automatic savings through workplace retirement plans. 

Syndicate content