Tag: labor force participation

Senior man working on a computer at a desk

This could help extend the work lives of older Americans. Older people need to work longer in order to ensure a secure retirement.  Social Security will not replace as much pre-retirement income in the future as it does today, and employer-sponsored pensions also involve considerably more uncertainty given the shift from defined benefit to 401(k)…

Senior couple sitting on chairs on the beach and looking at the ocean

About half of today’s working-age households will not be able to maintain their standard of living in retirement.  Social Security will provide less relative to pre-retirement earnings; 401(k) balances are meager; and half the private sector workforce does not have an employer-sponsored plan.  At the same time, with rising life expectancy the number of years…