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U.S. inflation peaked at 8.9 percent in June 2022, and, while the rate has declined substantially since then, inflation still remains an important concern.  That concern is justified in that the first brief in this two-part series – as well as numerous other studies – have shown that inflation harms older households by both reducing…

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Public pension plans have been shifting toward more complex investments in the past two decades, moving a sizable share of assets out of traditional equities, bonds, and cash into alternative assets, and expanding their reliance on external managers.  This increased complexity, coupled with a shift toward active management, contrasts sharply with other investors,…

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Here is just some of what decades of research has revealed about poverty’s ill effects on children: lower birth weights...

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Social insurance can’t work with participation on a voluntary basis. Providing long-term care is one of the biggest challenges facing...

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Abstract This paper examines how differences in Supplemental Security Income (SSI) generosity, driven by differences in state SSI supplements, affect people’s interaction with the program.  This paper uses county-level administrative data on SSI recipiency rates, as well as county-level data on SSI application rates, SSI award rates, group specific employment rates, earnings, and migration rates…

The brief’s key findings are: Many older workers are inclined to work longer, but will employers hire and retain them – today and in the future? A series of CRR studies on this topic provide a case for tempered optimism. First, hard data suggest that older workers are at least as productive as younger ones, though they…

The headlines from the 2023 Medicare Trustees Re­port were that the Hospital Insurance (HI) program faces a long-term deficit and will deplete its trust fund reserves in 2031 and that the rest of the Medicare program will require increasing amounts of general revenues. While true, the outlook for program costs is considerably more favorable than…

CRR IN THE NEWS

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A new survey explores an odd subgroup of American employees: Workers who aren’t enrolled in a 401(k), but who think they are.

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NEW YORK TIMES

For about 15 years, Paula Span has dedicated much of her journalism career to covering one subject: aging, and the challenges that come with it.