Tag: retirement income system

Hand holding coins in birds nest.

The brief’s key findings are: The financial crisis suggests the need for a new universal tier of retirement saving accounts to supplement Social Security and 401(k)s. To prevent large drops in asset values and fluctuations in replacement rates, policymakers might find it desirable to provide guarantees. But low guarantees would have had no effect historically…

Navajo man sitting on the bed of his pick-up truck in Monument Valley

Introduction The difference in labor force participation rates of men aged 55-64 across the United States is astounding.  For example, West Virginia has a participation rate below 60 percent, while South Dakota has a participation rate approaching 90 percent (see Figure 1).  This fact in itself has significant implications for the pressures that states w…