retirement readiness - The New School SCEPA

Research note— New research shows that even before the COVID-19 recession, only 36% of workers ages 25-64 had a retirement plan at work, a five percentage point decrease from five years prior. 

Working paper— Contrary to the predictions of theoretical models, working longer does not significantly increase the share of older workers who are financially prepared for retirement. 

Brief— ReLab's chartbook documenting retirement insecurity and the decline in older workers' bargaining power is a resource for workers, employers, media, policymakers, scholars, and the broader public to answer questions about the state of older working America and retirement income security.

On Thursday, May 28th SCEPA's Retirement Equity Lab (ReLab) and the Economic Policy Institute (EPI) partnered together for a webinar on the harsh economic effects COVID-19 is having on some of our most vulnerable: older workers.

A retirement crisis looms as the labor market becomes less friendly to older workers when they are most numerous and least able to retire.

Policy makers need to strengthen older workers’ fallback positions.

A realistic look at the disempowered status of America’s older workers and their rocky path to a secure retirement.

Brief— Workers at all earnings levels would benefit from expanding Social Security. SCEPA proposes defaulting workers into “Catch-Up” contributions, where— starting at age 50— they would contribute an additional 3.1% of their salary. 

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