Research

Inadequate Retirement Savings for Workers Nearing Retirement

August 18, 2017

One-third of older workers have neither retirement savings through a 401(k) or IRA, nor a defined benefit (DB) pension.

Overall, the median account balance of workers approaching retirement is just $15,000.

Author: Teresa Ghilarducci, Michael Papadopoulos, and Anthony Webb
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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.