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My fascinating conversation with Ben Veghte, executive director of the Washington Cares Fund, covered both his state’s innovative model for public financing of long-term...
How the OBBBA Cuts a Tax that Truly Benefits Only the Mega Rich. Like the majority of Americans, I sometimes...
Topics
This paper compares how Black and White workers with stable jobs fare after an unemployment shock. Using administrative earnings data from the Continuous Work History Sample, the analysis compares the earnings trajectories of Black and White workers who are displaced during three recessions (1990-1991; 2000-2001; and 2008-2009)…
Even the best-laid plans can go awry. Individuals face many hurdles to adequate planning for retirement and, even when precautions are taken, they may be overwhelmed by a big enough shock. In particular, large medical and long-term care spending shocks can devastate retirees’ hard-won finances…
The projected funded ratio for state and local pension plans in FY 2025 is 77.7 percent, 1.5 percentage points higher than 2023 – the date of our last funding update. These gains seem quite modest, given that the S&P index increased more than 40 percent between June 2023 and June 2025…
CRR IN THE NEWS
WALL STREET JOURNAL
Getting laid off is challenging. Getting laid off later in life is especially so.
USA TODAY
Most Americans think Medicare covers long-term care, the regimen of daily help that many seniors will eventually require. It does not.
FEATURED
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, family, and policy. 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)…
Our summer newsletter features research on pension participation, rising Social Security claiming ages, and a new model for senior housing…
