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The release of the Federal Reserve’s 2022 Survey of Consumer Finances offers a chance to catch up on the retirement saving of Millennials – those born during 1981-1999. This group, despite being more educated than earlier cohorts, faced early challenges, as many left school with large student loans and began their careers…
This study investigates the accessibility of websites for the Achieving a Better Life Experience (ABLE) account program for people with disabilities, which is critical for ensuring individuals can fully benefit from ABLE accounts. Utilizing the Wave Evaluation Tool, Adobe Pro DC’s Accessibility Checker, and the Flesch-Kincaid (FK) readability formula, this study comprehensively analyzes 44 ABLE…
Long-term care is the major uninsured expense for most retirees. Neither private health insurance nor Medicare covers long-term care expenses, although Medicare provides for care in a skilled nursing facility for up to 100 days following hospitalization. Long-term care insurance is available in the private market, but less than 5 percent of people purchase plans. …
CRR IN THE NEWS
THE WALL STREET JOURNAL
Families face soaring costs and mounting pressures in taking care of their loved ones. ‘I never feel truly free.’
FEATURED
CRR PARTNERSHIP PROGRAM
Partnership with the Center for Retirement Research provides instant access to valuable, independent research. In building a relationship with its supporters, the Center seeks to gain their perspective on retirement income issues and to secure data to advance the goals of the Center’s research programs. The Partnership Program offers the following benefits: Annual membership dues…
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 new research on Millennials’ retirement prospects, government imposter scams, and the WA Cares long-term care program. It also features videos and summaries from the RDRC meeting…