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I clean the filter on my septic system twice per year – an awful job that I handle myself because...
Market optimism may be masking deep retirement risks. Planning for retirement has always been hard, but when government policy is...
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Since the launch of ChatGPT in November 2022, AI’s potential impact on labor markets has been a growing worry. This concern has centered on the replacement of workers, with a special focus on younger…
This year’s Social Security Trustees Report has taken a major step towards offering a more realistic assessment of Social Security’s financial status. Unfortunately, the Trustees “offsetting” assumptions mask the full impact of their important changes…
State and local government workers have traditionally had defined benefit (DB) pensions that insulate them from the stock market and ensure that they do not outlive their savings. Funding these plans, however, has become burdensome for many governments, with costs rising dramatically in the immediate wake of the 2008 financial crisis and continuing to grow…
CRR IN THE NEWS
CNBC
Artificial intelligence has prompted concerns that workers – particularly young professionals – could be replaced by advancing technology. Yet signs are emerging that older workers are also affected.
FORBES
The trustees of Social Security and Medicare recently estimated that the retirement trust fund would run out of money earlier than they estimated last year.
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CRR PARTNERSHIP PROGRAM
Partnership with the Center for Retirement Research (CRR) provides instant access to valuable, independent research. In building a relationship with its supporters, the CRR seeks to gain their perspective on retirement income issues and to secure data to advance the goals of the CRR’s research programs. The Partnership Program offers the following benefits: Annual members…
PARTNERSHIP WITH JACKSON NATIONAL
This initiative identifies the major risks that people face as they approach retirement, seeks to understand their perceptions of those risks, measures the potential harm from the risks, and evaluates ways to mitigate them. These risks include: longevity, inflation, health, market, policy, and family. The CRR gratefully acknowledges Jackson National Life Insurance Company for supporting…
RETIREMENT PLAN ACCESS
The main reason that U.S. workers end up with inadequate retirement savings is that, at any given time, only about half of workers ages 25-64 are participating in an employer-sponsored pension (see Figure 1)…
Review a comprehensive list of policy options for changing Social Security, published by the program’s actuaries…
This newsletter highlights new research on policy uncertainty, low fertility, and the small firm 401(k) gap. Check out these briefs and more!…