Archive: Anqi Chen
At any given time, only about half of U.S. private sector workers are covered by an employer-sponsored retirement plan, and few workers save without one. The coverage gap, which undermines the retirement security of the nation’s workers, is driven by a lack of coverage among small employers…
The release of the Federal Reserve’s 2022 Survey of Consumer Finances offers an opportunity to reassess Americans’ retirement preparedness as measured by the National Retirement Risk Index (NRRI). The NRRI estimates the share of American households that are at risk of being unable to maintain their pre-retirement standard of living in retirement…