Expect to live a much less during retirement. In 2013 that number had grown to nearly half of all adults. This trend is getting worse but not better. Young families are having more trouble than previous generations to save for retirement. While this problem is that most acute for all middle income families, there are some families who are suffering more than others from the Retirement Crisis and the expected shortfall. Particularly lowincome households are more likely to suffer than high income household. This is true for lowincome households who do not work for an employer who offers Retirement Benefits at work. So what can we do to tackle this problem . Federal and State Governments already offer substantial tax benefits to help people save for retirement. The federal government forgoes with a 100 billion each year tax revenue to incentivize people to save for retirement. States with income tax also encourage workers and their day to save for retirement. Even though federal and State
The best access to congress is n cspan, cspan radio and cspan. Org. And go behind the scenes on capitol hill by following our capitol hill producer craigkaplan and cspan. Next, a look at Social Security, individual retirement accounts and refundable tax credits at an event hosted by the center for American Progress and the new school. The two panels are about an hour and 20 minutes. Shes unfortunately sick. With each passing generation, americas Retirement Crisis is growing. In 1983 almost a third of workingage households could face could expect to learn to live on much less during retirement. By 2013, that number had grown to more than half of all workingage adults, and this trend is getting worse, not better by any measure. Young families are having even more trouble than previous generations to save for retirement. And while this problem is most acute for all middle income families, there are some families who are suffering more than others from the Retirement Crisis and the expecte
To find out about them. At 8 00 on cspans q and a. Now a look at increasing Retirement Savings. The form examined Social Security, individual retirement accounts, and refundable tax credits. This is about one hour. Mr. Weller good morning and welcome to the center for american progress. Im christian weller. Im a senior fellow here. Carmel martin was supposed to do the opening remarks but she is sick. With each passing generation, americas Retirement Crisis is growing. In 1983, almost a third of working households would learn to live on much less during retirement. By 2013 come of that number grew to more than half. This trend is getting worse, not better. Young families are having even more trouble than previous generations to save for retirement. While this problem is for all middle income families, there are some families suffering more than others from the Retirement Crisis and the expected shortfall in spending. Low income households are more likely to experience short retirement.