Archive: Alicia H. Munnell
A state-based financing system would introduce a new layer of uncertainty. Every now and then, President Donald Trump’s antics tumble into my lane: retirement. Reflecting on the U.S.’s fiscal pressures and ongoing conflicts, he suggested in April that, with wars to fight, the federal government cannot continue to shoulder programs like Medicare and Medicaid, and…
At any moment in time, only half of U.S. private-sector workers are participating in an employer-sponsored retirement plan, mainly due to lack of coverage. As a result, roughly one-third of households end up completely reliant on Social Security at retirement, while others move in and out of coverage throughout their careers…
