Tag: private sector saving
![Close up of stacking gold coins written IRA on nature background and natural lighting](https://crr.bc.edu/wp-content/uploads/2023/07/Close-up-of-stacking-gold-coins-written-IRA-on-nature-background-and-natural-lighting-1536x1024.jpeg)
Retirement needs are increasing as people live longer and face skyrocketing health care costs. Meanwhile, retirement resources are declining as Social Security will replace less of pre-retirement earnings even under current law, employer-sponsored plans are increasingly 401(k) plans with modest balances, and people save little on their own. As a result, retirees will have a…