CRR Director Alicia Munnell writes a weekly blog post for MarketWatch.

Recent Posts

A Refundable Saver’s Credit Makes Secure 2.0 Worth It (1/24/23)

How Big is the Secure 2.0 Act? And Who Gets the Money? (1/9/23)

How will COVID Affect Completed Fertility? (1/10/23)

Are 401(k) Plans Spending $1 Billion in Unnecessary Fees to Mutual Funds? (1/5/23)

Unpaid Student Loans Can Impact Social Security Benefits (12/21/22)

Wealth-to-income Ratios Have Not Returned to Pre-Great-Recession Levels (12/13/22)

Alternative Investments Have Not Helped Public Pension Plan Returns, Study Shows (11/29/22)

Canadian Approach to Immigration Seems Much Smarter than Ours (11/23/22)

Poverty for All Age Groups has Declined from Prepandemic Levels (11/16/22)

Why are Republicans Telling Voters They Want to Cut Social Security By a Third? (11/7/22)

Declining Wealth and Rising Cost of Necessities are the Real Worries When it Comes to Senior Poverty (11/2/22)

How Did COVID-19 Impact Social Security Claiming Compared to the Great Recession? (10/25/22)

How Much Do People Rely on Social Security? (10/11/22)

Roth IRA and Roth 401(k): The World Would be a Better Place Without Them (10/5/22)

Are the Rich or Poor Hurt More By Inflation? (9/28/22)

Social Security’s Retirement Age is 70 (9/21/22)

Impact of COVID-19 on Life Expectancy is Misleading (9/14/22)

With Inflation, Many Retirees Will Pay More Federal Income Taxes (9/7/22)

How Big a Social Security COLA Can Retirees Expect in 2023? (8/30/22)

How are Public Pensions Faring with Falling Markets and Rising Inflation? (8/23/22)

After 50 Years of Progress, How Prepared are Women for Retirement? (8/15/22)

New Proposal Aims at Better Funded State and Local Pensions (8/9/22)

Congress Has the Chance to Pass Meaningful Retirement Reform (8/3/22)

Private Equity in 401(k) Plans? Why Bother? (7/28/22)

Retirees Don’t Live on ‘Fixed Incomes’ (7/25/22)

Back Off, Guys: President Biden Made a Good Choice (7/11/22)

How to Fix the Too-high 2022 Medicare Part B Premium? (7/7/22)

Social Security is Valuable and Needs Attention Sooner Rather Than Later (6/28/22)

The Stock Market Decline is Undercutting Retirement Saving (6/21/22)

Changing Tax Incentives for Retirement Saving Won’t Do Much Good (6/14/22)

Social Security May be the Most Powerful Equalizing Force in Our Society (6/7/22)

Recognizing ‘Legacy Debt’ is Key to Better Funding of Public Pensions (6/1/22)

Bitcoin in 401(k) Plans is a Terrible Idea (5/23/22)

The SEC Has Taken the First Step toward Undermining 401(k) Plan Fiduciaries (5/18/22)

Lack of Coverage is the Biggest Problem with Our Retirement System (5/13/22)

How Will Boomers Draw Down Their 401(k) Balances? (5/3/22)

Does Employer Concentration Reduce Labor-Force Participation? (4/25/22)

SECURE 2.0 Offers Perks for the Rich to Make Progress for the Middle-Class (4/22/22)

Why are Social Security Disability Rolls Declining? (4/13/22)

Do Households Save More When the Kids Leave? (4/4/22)

Social Security Benefits Should Not Be Cut (3/29/22)

The Trust Act is Not the Way to Fix Social Security (3/22/22)

Older Workers Have Gone Back to Work at an Amazing Pace (3/14/22)

As President Biden Proposed, Medicare Needs the Ability to Negotiate Drug Prices (3/7/22)

How the Alzheimer’s Drug Aduhelm Posed a Real Challenge to Medicare Officials (3/1/22)

Medicare’s Finances and the Saga of the Alzheimer’s Drug Aduhelm (2/24/22)

Will ‘Unretirement’ Solve the Labor Shortage? (2/14/22)

How Much Can Online Tools Ease Social Security’s Workload? (2/7/22)

Have We Undercounted or Overcounted COVID-19 Deaths? (1/31/22)

Retirees in the U.S. Do Not Live on ‘Fixed Incomes’ (1/24/22)

Would 401(k) Participants Use a Social Security ‘Bridge’ Option? (1/19/22)

You Have More Access to Your 401(k) Than You Think. When It Makes Sense to Dip Into Your 401(k) — and When It Doesn’t. (1/11/22)

New Study on 401(k) Leakages Narrows the Range of Estimates (1/3/22)

How Much Do Retirees Want to Consume? (12/21/21)

Who Will Have Unmet Long-Term Care Needs? (12/13/21)

New Proposal Would Improve Social Security’s Finances and Modestly Enhance Benefits (12/8/21)

Government Announces Surprising Hike in Medicare Part B Premiums (11/30/21)

How to Explain the Increased Percentage of Retired People? (11/23/21)

Social Security Proposal Raises Revenue and Temporarily Enhances Benefits (11/17/21)

Social Security: A Price Index for the Elderly Doesn’t Always Yield a Higher Number (11/8/21)

Are Teachers Overpaid or Underpaid? (11/4/21)

Scary Press Reports of Social Security Affect Worker Behavior (10/26/21)

What Resources Do 65-year-olds Have to Cover Long-term Care in Retirement? (10/20/21)

The Debt Limit Could Delay Social Security Benefits (10/11/21)

Vanguard Moves to Automatically Transfer Small 401(k) Balances (10/4/21)

Ways and Means Committee Adds a Federal Auto-IRA Program to $3.5 Trillion Package (9/27/21)

Social Security 2021 Trustees Report May Be Complicated, but the Bottom Line is Clear (9/20/21)

As the Super Rich Exploit IRAs, Congress Contemplates Changes (9/15/21)

Do All State and Local Workers Receive Lifetime Annuities? (9/7/21)

Does the U.S. Have a Retirement Crisis? (8/30/21)

Do People Plan to Leave Bequests? Do They Have Wills? (8/24/21)

How Did Stimulus Checks Affect Household Finances? (8/17/21)

Large Social Security COLA May Spark Debate About Appropriate Index (8/11/21)

Were Older Workers Hurt Disproportionately by the COVID Recession? (8/2/21)

Working Longer is Possible for Most People (7/26/21)

Private Equity Does Not Belong in 401(k) Plans (7/20/21)

401(k) Participants Flourished in 2020 with a Soaring Stock Market (7/13/21)

Proposed Legislation Would Allow $1,000 Penalty-free 401(k) Withdrawal (7/6/21)

What Long-Term Services and Supports do Retirees Need? (6/29/21)

Proposed Legislation Would Allow ESG Funds as Default in 401(k) Plans (6/21/21)

Shoring up Supplemental Security Income Would Help Many of the Nation’s Poorest (6/14/21)

Will Millennials be Ready for Retirement? (6/8/21)

What Does the Inflation Spike Say About the Social Security COLA? (6/1/21)

What Happens to Government Workers Who Don’t Receive Social Security? (5/26/21)

Your 401(k) Balances Aren’t All Yours (5/18/21)

Biden’s Plan to Fully Tax Capital Gains is Good Policy (5/10/21)

To What Extent will Working from Home Continue? (5/3/21)

What Happens When Worker Benefits are Cut? Some Suggest that Workers Offset Benefit Loss with More Saving Elsewhere (4/26/21)

Has COVID-19 Pushed More People Into Retirement? (4/20/21)

Can Investors Solve the Climate Change Problem? (4/13/21)

COVID $1.9 Trillion Package Temporarily Expands Earned-Income Tax Credit (3/30/21)

Critics Leap on Aid to Multiemployer Pension Plans (3/23/21)

What is the Value of Annuities? (3/17/21)

Do Men and Women Save Differently for Retirement? (3/8/21)

Has COVID-19 Really Affected Life Expectancy? (3/1/21)

Few 401(k) Participants Changed Portfolio Allocation When Market Tanked (2/23/21)

Retirement Income Security for Everyone (RISE) Raises Many Questions (2/17/21)

Low Interest Rates Make It Harder to Save for Retirement (2/8/21)

What’s Happening to State and Local Government Finances? (2/1/21)

Retirement Security in 2019 and 2020: We Need to Fix Our Retirement System (1/25/21)

How to Get Steady Income for Life (1/21/21)

COVID Pressured Some Employers to Suspend their 401(k) Match (1/12/21)

Eliminating Social Security’s WEP and GPO Provisions Is Not the Way to Help Retirees (1/5/21)

COVID Is Not a Retirement Story (12/21/20)

Auto-IRA Programs Are Closing the Coverage Gap (12/18/20)

Social Security Actuaries Update Projections for COVID-19 (12/8/20)

How Has COVID-19 Affected Older Workers (11/30/20)

Social Security Lets You Change Your Mind (11/16/20)

401(k) and IRA Balances Are Up Modestly, a Key Survey Shows (11/10/20)

Here’s an Easier Way to Think About ESG Investing (11/2/20)

DOL Punts on SECURE Act Lifetime Income Illustrations (10/27/20)

Social Security Benefits Will Increase by 1.3% in 2021 — Is This Keeping Up with How Seniors Actually Spend? (10/20/20)

Social Insurance Is the Best Way to Save — Now More Than Ever (10/13/20)

How Rich Is the ‘Middle Class’? (10/6/20)

Are We Undercounting or Overcounting COVID-19 Deaths? (9/30/20)

Payroll Tax Deferral Messes with Social Security — One of the Few Good Things in This Crazy World (9/21/20)

Biden’s 401(k) Plan: Changing Tax Incentive for Retirement Is a Great Idea (9/14/20)

A Drop in Social Security’s Average Wage Index Could Hurt Four Million People (9/8/20)

Department of Labor Rules on Both Sides of the Social Investing Issue (8/31/20)

Should We Rethink How We Tax Social Security Benefits? (8/24/20)

Don’t Trust the TRUST Act (8/17/20)

Paying Off Unfunded Pensions Liabilities Will Be a Low Priority After COVID-19 (8/10/20)

Department of Labor Comes Down Hard on Social Investing (8/4/20)

Don’t Cut the Payroll Tax — Let’s Help Those without a Job (7/28/20)

Tapping Social Security for Anything — Including COVID-19 Payments — Is Wrongheaded (7/21/20)

What Will COVID-19 Mean for Social Security Claiming? (7/16/20)

Will COVID-19 Force Older Workers to Retire? (7/8/20)

New Labor Department Rule Changes Default Retirement Plan Disclosure from Paper to Electronic (6/29/20)

Social Security’s Average Wage Index Likely to Decline in 2020 (6/23/20)

COVID-19 Is Not as Big a Threat to Typical Older Workers as You Might Think (6/16/20)

Older Workers Are as Well Situated as Younger Workers to Work Remotely (6/9/20)

Pre-COVID-19 Survey Shows Employers Positive on Older Workers (6/1/20)

Can People Really Work from Home? (5/27/20)

Social Security and COVID-19: 3 Ways the Shutdown Could Impact the Program (5/18/20)

Job Losses Have Hit Older Workers Harder than Prime-age Workers (5/11/20)

Social Security Report Shows Uptick in 75-Year Deficit, No Change in Trust Fund Depletion Date (5/6/20)

How Will the Coronavirus Pandemic Affect Social Security’s Finances? (4/30/20)

Employers Start to Suspend Their 401(k) Match (4/21/20)

Why Suspending the RMD Rules for 2020 Is a Good Move (4/14/20)

Congress Missed a Big Opportunity in the CARES Legislation (4/6/20)

Why Do So Many People Need Financial Help? (3/30/20)

Suspending the Social Security Payroll Tax Is a Terrible Idea (3/24/20)

Scattering of Death Rates Has Huge Implications for Social Security (3/20/20)

Yes, Retirement Benefits for Police and Fire are Expensive (3/10/20)

There are No Magic Fixes for Social Security (3/2/20)

Health Savings Accounts are Crazy Bad Tax Policy (2/26/20)

Do Millennials Really Deserve a ‘Gold Star’ for Retirement Saving? (2/18/20)

Life Expectancy is Up Slightly — and That’s Good News (2/11/10)

No Need to Talk About the Saver’s Credit in a Presidential Campaign (2/4/20)

Are Retiree Housing Patterns Stable Enough to Borrow Against Home Equity? (1/28/20)

How Can We Fix Social Security’s Coming Cash Shortfall? (1/22/20)

Secure Act is Likely to Have a Positive — but Small — Impact (1/15/20)

Middle-Income Households Haven’t Recovered Since the Great Recession — Here’s a Reason Why (1/7/20)

Recent Surveys Show Sharp Decline in Retirement Wealth for Typical Household (1/2/20)

How Valuable is Medicare Part D Prescription Drug Insurance? 12/17/19)

The Only Way to Ensure Retirement Plan Coverage for the Uncovered is an Employer Mandate (12/10/19)

Social Security is a Great Economic Equalizer (12/3/19)

How Far Off are the Actuarial Adjustments of Social Security Benefits? (11/19/19)

What Will Retirement Look like in 50 Years? (11/11/19)

Social Security Reform Proposal: Why Do Estimates of the 2100 Act’s Impact Differ? (11/4/19)

Can You Save Your Way Out of Trouble? (10/30/19)

GE Freezes its Pension Plans and Offers Former Employees Lump Sum Buyouts (10/23/19)

How Much Would People Take Out of Retirement Accounts if Left on their Own? (10/15/19)

Massachusetts Just Imposed a Payroll Tax to Pay for Family Leave (10/7/19)

How Would Negative Interest Rates Impact your Retirement Security? (10/2/19)

Elizabeth Warren Calls for a Dramatic Expansion of Social Security Benefits (9/23/19)

The Overlooked Data Point in the New Census Report: Most Families Don’t Have Much Income (9/16/19)

Are Fears of a Retirement Crisis Overblown? (9/11/19)

New Labor Department Rule on Multiple Employer Retirement Plans Seeks to Expand Access (9/3/19)

Only a Minority of People Ages 50 to 62 Work Steadily in Jobs with Benefits (8/27/19)

These 4 Factors Explain Why 401(k) Balances are So Far Below their Potential (8/27/19)

This Recent Report Suggests Steady Saving for Retirement is Not Important (8/17/19)

Why Do Politicians Keep Running Up the Debt? (8/10/19)

Annuities Need to Be a 401(k) Default (7/31/19)

The Treasury’s I-bond is a Wonderful Product (7/24/19)

401(k) Balances Increased Very Little in the Last 10 Years (7/15/19)

Why so Many Households Find it Difficult to Cover a $400 Emergency Expense (7/15/19)

How Has the Decline in Assumed Investment Returns Affected Public Pension Costs? (7/2/19)

ESG — or Socially Responsible — Funds May Soothe Your Conscience but Could Weaken Your Portfolio (6/25/19)

Married Women More at Risk in Retirement than Singles (6/17/19)

Making Sense of Bankruptcy and Retirement Plans (6/10/19)

Age Discrimination is Still a Major Obstacle for Older Workers (6/3/19)

Do Pension Benefit Cuts Encourage Public Employees to Leave? (5/29/19)

Why the Decline in Homeownership is Bad for Americans (5/13/19)

Should Annuities Pay Out the Same for Men and Women? (5/6/19)

Social Security Could Provide Cheaper and Better Annuities Than the Private Sector (4/30/19)

Millennials’ Late Marriage Should Have Only a Minor Effect on their 401(k) Saving (4/23/19)

Is the Brexit Mess Linked to the Conservatives’ Long-term Care Proposals? (4/15/19)

Treasury and IRS Move Backward by Giving a Green Light to Offering Retiree Pension Buyouts (4/11/19)

This Change Could Help Solve Social Security’s Long-term Financial Challenge (4/1/19)

Two-income Couples Are Surprisingly Unprepared for Retirement — Here’s One Reason Why (3/26/19)

Should Governments Contribute Parks to Fund their Pension Plans? (3/18/19)

People Need to Use Their Home Equity in Retirement (3/14/19)

Politicians Suggest That Public Pension Plans Divest (3/5/19)

Why Do 37% of Older Workers Retire Earlier than Planned? (2/27/19)

This New Social Security Bill Could Make Social Security Even Better (2/23/19)

Future Retirees: Brace Yourself for Three Major Financial Risks (2/5/19)

Minorities — Particularly Hispanics — Are Increasingly Unprepared for Retirement (1/30/19)

The Money in Your 401(k) and IRA Accounts Doesn’t Belong Entirely to You (1/24/19)

Mayor de Blasio Proposes Auto-IRAs to Help New Yorkers Save for Retirement  (1/14/19)

Should the Government be Allowed to Negotiate Drug Prices? (1/8/19)

‘Yellow vest’ Protests are a Good Excuse to Look at Tax Burdens (1/2/19)

Recent Tax Cuts and Spending Hikes Should Not be Used to put Social Security and Medicare at Risk (12/18/18)

The First State Auto-IRA Program is Up and Running (12/11/18)

Combining Small 401(k) Accounts Helps Preserve Retirement Saving (12/4/18)

How Well do Household Surveys Measure Retirement Income? (11/27/18)

IRS Ruling Allows 401(k) Student Loan Benefits (11/14/18)

Want to Keep People Working Longer? Expand the Earned-income Tax Credit (11/14/18)

What’s Causing the Epidemic in Drug-related Deaths Among Whites? (11/5/18)

People Aren’t Giving Up their Day Jobs for Uber (10/30/18)

Women Live Longer than Men Everywhere — Here’s Why (10/23/18)

An Easier and Cheaper Way for Retirees to Tap Home Equity (10/16/18)

New Census Data Suggest that Retirement Savers Face a Daunting Challenge (10/9/18)

Bad Ideas Die Hard: Why We Shouldn’t Use Social Security to Finance Parental Leave (10/1/18)

These Accounts Should Help People Save for a Rainy Day — and Protect their Retirement Savings (9/25/18)

President Trump Opens the Door to Changing Retirement Distributions (9/19/18)

Multiemployer Pension Plans Can’t Cut their Way to Solvency (9/12/18)

Do Higher Fees Help State and Local Pension Plans Hit their Benchmarks? (9/5/18)

IRS Ruling Allows 401(k) Student Loan Benefits (8/27/18)

Massachusetts Public Pension Benefits are Stingy (8/23/18)

Don’t Confuse Public Pension Cost with Generosity (8/14/18)

It’s Time to Take Another Look at the Taxation of Capital Gains (8/6/18)

State Auto-IRAs are a Necessary Initiative (7/30/18)

The U.S. Needs a Pension Registry to Help People Keep Track of their Savings (7/24/18)

Investment Returns Vary a Lot Across State and Local Pension Plans (7/20/18)

Some Bad News About Retirement Savings: 401(k) Balances Increased Very Little in the Last 10 Years (7/10/18)

A Small Glimmer of Hope in the Social Security Report: Disability Costs May be Lower Than Projected (6/25/18)

What Explains the Widening Gap in Retirement Ages? (6/18/18)

How to Make Sense of the 2018 Social Security Trustees Report (6/11/18)

The Federal Government Should Fix the Pension Coverage Gap (6/4/18)

Can a State-Sponsored 401(k) Plan Expand Access to Retirement Savings? (5/30/18)

Government Money Should Help Solve this Pension Crisis (5/21/18)

A Simple Change to Your 401(k) Statement Could Encourage You to Save More for Retirement (5/14/18)

401(k) Lawsuits are Surging. Here’s What it Means For You (5/9/18)

Why Do We Continue to Beat up on Teachers? (5/1/18)

Teacher Compensation Lags Behind — Their Protests are Understandable (4/24/18)

Could Tontines Be an Alternative to Annuities? (4/18/18)

It’s Harder Than You Think to Spend Down Your 401(k) Account in Retirement (4/16/18)

Fiduciary Rule Takes a Hit in the Fifth Circuit (4/12/18)

Public Plans Should Not Engage in Social Investing (4/2/18)

Yes, It’s True: Older People Depend on Social Security (3/27/18)

The Retirement Enhancement and Savings Act is Back — And It Does Some Good Things (3/21/18)

How Much Do We Spend on Long-Term Care? (3/13/18)

Does America Have a Fertility Problem? (3/9/18)

President Trump Looks to Cut Federal Pensions (3/5/18)

Mandatory Retirement Accounts to Help Workers Delay Claiming Social Security (3/5/18)

Borrowing From Social Security is the Wrong Way to Finance Student Debt and Parental Leave (2/21/18)

Social Security Will Need More Revenues — Where Should That Money Come From? (2/12/18)

While the Annual Fertility Rate Plummets, Lifetime Fertility Climbs (2/6/18)

Paul Ryan Urges Women to Have More Kids for the Sake of America — Is That Good Advice? (1/30/18)

A Few Companies Have Increased Their 401(k) Match — What Does This Mean? (1/17/18)

Half of Households Still Face a Retirement Shortfall — Even with Rising Assets (1/9/18)

How Have U.S. Mortality Rates Changed Over Time? (1/4/18)

The Future Depends on Our Ability to Curb Obesity (12/19/17)

A Million Participants in Multiemployer Pension Plans Face a Loss of Benefits (12/14/17)

Tax Bill’s Inflation Adjustment is Sensible (12/4/17)

How Can Congress Pass a Tax Bill that Increases the Deficit? (12/2/17)

Future Retirees Will End Up Paying for Tax Cuts (11/21/17)

This is How Changes in Pensions Can Lead to Changes in Worker Behavior (11/14/17)

Why You’ll Probably Have a Worse Retirement than Your Parents Did (11/10/17)