Retirement Readiness of New York City’s Workers

May 29, 2018

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.

Unfortunately, this changing landscape means that many New York City residents are likely to experience a dramatic drop in living standards as they age.

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