Members of both political parties are deeply worried about the unfolding U.S. retirement crisis, according to a new study by the NIRS. Key findings include:
Across Party Lines, Americans Support State Efforts to Enable Savings for Workers Lacking Retirement Plans
Americans’ retirement prospects: Work Longer, Spend Less
77 Percent agree that the disappearance of traditional DB Pensions killing the American Dream
71 Percent Say DB Pensions better than 401(k)s for delivering retirement security
WASHINGTON, D.C., February 28, 2017 – America faces a deep political divide, but not when it comes to economic security in retirement. A new report finds that 76 percent of Americans are concerned about their ability to achieve a secure retirement, with that level of worry at 78 percent for Democrats and 76 percent for Republicans. Some 88 percent of Americans agree that the nation faces a retirement crisis, and the concern is high across party lines.
These findings are contained in a new study, Retirement Security 2017: America’s View of the Retirement Crisis and Solutions. The research is published by the National Institute on Retirement (NIRS) and is based on a poll of 800 Americans conducted by Greenwald & Associates. The findings will be reviewed today at the NIRS annual retirement policy conference in Washington, D.C. The full report can be found on the NIRS website.