Insights Blog

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).  

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.

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.