December 2015 Unemployment Report for Workers Over 55

As traditional pensions, or defined benefit plans, are replaced by defined contribution plans, workers in New York City and in the nation have less retirement security. 

While the harm caused by unemployment is unique to each person, this study focuses on the staggering variety of challenges and perils shared by older people.

If current trends persist, nearly 750,000 workers approaching retirement who live in metropolitan areas of New York State, are projected to be poor or near poor in retirement.

This report, published by New York City Comptroller John C. Liu, reveals that a growing number of New Yorkers don't have enough money to retire.

This study is a comparative analysis of how large pension institutions, such as Social Security and market-based 401(k) plans, impact the long-term business cycle.

This study is the first to examine how major pension proposals will affect Wall Street firms.

A flawed system that is subsidized by Congress contributes to employers' "race to the bottom" when it comes to retirement benefits.

Knowing the size of tax expenditures provides a clear understanding of the size of the government and the reasons for $121 billion tax break for pensions.

As part of ongoing research into guaranteed retirement accounts (GRA), this working paper seeks to model the size of a present day, federal GRA system in the United States.