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Employers Asked to Take Part in Meeting Americans' Retirement Income Needs


Employers Asked to Take Part in Meeting Americans’ Retirement Income Needs
An economic report discusses Baby Boomers’ lack of retirement readiness and how a new framework for income security is needed as more and more people turn 65.
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There’s a wave of people turning 65 the traditional retirement age but that will peak in 2024, according to the Alliance for Lifetime Income, a nonprofit consumer education organization.
The alliance published an economic report that addresses how underprepared millions of Baby Boomers are for retirement and proposes ideas for a new retirement security framework. Author Jason Fichtner, a senior lecturer at Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies and a research fellow with the Alliance for Lifetime Income and the Retirement Income Institute, suggests that the three-legged stool for retirement income security pensions, Social Security and personal savings is no longer sturdy. ....

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