Insights Blog
40% of Older Americans Will Experience Downward Mobility
ReLab's new report, "40% of Older Workers and Their Spouses Will Experience Downward Mobility in Retirement," finds that inadequate retirement accounts will cause 8.5 million middle-class older workers and their spouses to be downwardly mobile in retirement, falling into poverty or near poverty in their old age.
Despite Trump's efforts to rollback federal retirement reform, 22 states introduced reform since his inauguration.
Due to lack of coverage and a systemic reliance on defined contribution plans, workers do not have enough saved for retirement.
This report documents the growth in older workers’ unstable and low-wage jobs from 2005 to 2015.
This report demonstrates how low and decreasing retirement plan coverage rates and the shift from traditional defined benefit pension plans to 401(k)-type plans are threatening New Yorkers’ financial readiness for retirement.
Wage suppression - not monopoly power - is fueling corporate profits and the growing gap between rich and poor.
Older workers have not been able to save adequately for retirement.
Economist Willi Semmler, director of SCEPA’s Economics of Climate Change project, gave a presentation in Sorbonne, Paris, as part of the Financial Regulation Lab (LabEx ReFi).
President Trump‘s record-long State of the Union address offered two short points relevant to ordinary people‘s finances, including retirement accounts and after-tax income.
About SCEPA
SCEPA works to focus the public economics debate on the role government can and should play in the real productive economy - that of business, management, and labor - to raise living standards, create economic security, and attain full employment.
