Tag: supplement Social Security
![Senior couple and tecnologies](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_2-1536x1024.jpg)
The brief’s key findings are: The financial crisis suggests the need for a new universal tier of retirement saving to supplement Social Security and 401(k)s. If the tier were a defined contribution system, asset levels would vary with market returns and payouts with interest rates. Replacement rates would fluctuate as much as 25 percentage points…