The brief’s key findings are: *Americans need to save more on their own for retirement, but human nature suggests they will focus more on day-to-day financial needs. *Analysis of a recent survey confirms that a household’s level of financial satisfaction is tied more to short-term – rather...

States have begun to respond to their pension challenge by enacting a mix of revenue increases and benefit cuts. These changes will, over time, improve the financial outlook for plans and help ease their impact on other budget priorities. But, to date, the specific nature and magnitude of these...

Employer-sponsored pensions are an important source of retirement income and often make the difference between having a comfortable retirement and just scraping by. Over the past two decades, pension sponsorship and participation have remained relatively constant. At any given point in time,...

Even before the sharp financial downturn, working longer had emerged as perhaps the most attractive response to the contraction of the nation’s retirement income system.1 Since the downturn, working longer increasingly seems to be the only way most work­ers approaching retirement can secure a...

The Obama Administration has proposed "Autho-IRAs" to boost pension coverage among those not currently offered a plan. Such a policy is seen to offer great potential, given that 60% of low-income workers currently offered a 401(k) choose to participate. However, these low-income workers with...