The brief’s key findings are: The COVID recession brought the economy to a halt, but households got robust government support and asset markets soared during 2020-2021. Overall, balance sheets showed some improvements during this period: high-wealth households saw rapid asset growth from the booming markets; and those in the middle got market gains and a boost from…
Given that only about half of private sector workers are covered by an employer-sponsored plan at any given time, 16 states have launched – or are in the process of launching – auto-IRA programs that require employers without a plan to auto-enroll their workers in a Roth IRA. While these programs will help those without…
One aspect of the pandemic that has persisted is the increased relevance of remote work. This shift could help older people with disabilities, who might otherwise find it hard to get or keep jobs. Indeed, this group has a higher employment rate post-pandemic than pre-pandemic…
The decision to retire is complex enough. But throw a family farm into the mix and it introduces a host...
But the increase should be small and gradual. Enough with politics. It’s time to get back to solving problems. Not...
FEATURED
CLOSING THE COVERAGE GAP
By Andrew G. Biggs, Alicia H. Munnell and Anqi Chen
The brief’s key findings are: 401(k)s/IRAs have the potential to provide significant wealth. But a typical 60-year-old with a 401(k) in 2016 had less than $100,000 compared to a potential $360,000 in combined 401(k)/IRA assets. Four factors could explain this gap: the immaturity of the 401(k) system, the lack of universal coverage, leakages, and fees…
Associate Director of State & Local Research
Associate Director of State & Local Research Jean-Pierre Aubry is the associate director of state and local research at the Center for Retirement Research at Boston College. He oversees and conducts research and data collection, develops new analytic techniques for evaluating retirement benefits, and secures funding support. Aubry, who is recognized as a leading expert…
By Kim Blanton
With so many Americans in the dark about how to prepare for retirement, educating them about why it’s critical to save seems an obvious way to tackle this problem. But very few solid studies prove that financial education actually works. This field research should be counted as a positive result for a modest, low-cost financia…
The next Retirement and Disability Research Consortium Meeting will be held virtually on August 3-4, 2023. This free and public event showcases the latest in retirement and disability research from the nation’s top scholars.
CRR IN THE NEWS
AARP
Remote work is creating new opportunities for all jobseekers, but especially so for older adults with disabilities, according to a new study.
THE WALL STREET JOURNAL
Families face soaring costs and mounting pressures in taking care of their loved ones. ‘I never feel truly free.’