Tag: saving for retirement
![worker technician businessman and management miniature figure st](https://crr.bc.edu/wp-content/uploads/2023/03/Minature-workers-on-different-height-coin-stacks-1536x1024.jpeg)
New pension bill totally neglects low-paid workers. Saving for retirement is a good thing and apparently one of the few issues that can garner bipartisan support in a fractured Congress. Most recently, the House passed the “Securing a Strong Retirement Act of 2022” – affectionately known as SECURE 2.0 because it builds on SECURE legislation…
![Calculating savings on phone](https://crr.bc.edu/wp-content/uploads/2014/07/Calculating-savings-on-phone-1536x1001.jpg)
The brief’s key findings are: The National Retirement Risk Index framework is used to address how much working-age households need to save for retirement. A typical household should get a third of its retirement income from a savings plan, with the low income needing one quarter and the high income one half. A typical household…