Retirement on the Rocks [electronic resource] : Why Americans Can't Get Ahead and How New Savings Policies Can Help /
Weller, Christian E.author.
Jobs and wages have become less secure over the past thirty years, while stock and housing markets have gone through greater booms and busts at the same time. These factors alone make saving for retirement difficult, but a number of policy changes have also increasingly exposed household to these risks, making saving more difficult and more uncertain. Social Security offers fewer protections because of an increasing retirement age, and employees receive less help from their employers than in the past. More people have to figure out complex "do-it-yourself" savings options while those who least need to save, because they have little risk exposure, tend to receive the greatest tax breaks for saving. The results have been fewer retirement savings, more uncertainty, and a direr outlook for a secure retirement for most Americans. Since savings are low and risk exposure is high because of past policy shortcomings, this book offers straightforward solutions to build real retirement security for American families.
Bibliographic Level Mode of Issuance: Monograph
Includes bibliographical references and index.
Jobs and wages have become less secure over the past thirty years, while stock and housing markets have gone through greater booms and busts at the same time. These factors alone make saving for retirement difficult, but a number of policy changes have also increasingly exposed household to these risks, making saving more difficult and more uncertain. Social Security offers fewer protections because of an increasing retirement age, and employees receive less help from their employers than in the past. More people have to figure out complex "do-it-yourself" savings options while those who least need to save, because they have little risk exposure, tend to receive the greatest tax breaks for saving. The results have been fewer retirement savings, more uncertainty, and a direr outlook for a secure retirement for most Americans. Since savings are low and risk exposure is high because of past policy shortcomings, this book offers straightforward solutions to build real retirement security for American families.
The elusive goal of a secure retirement -- Americans' growing risk exposure -- More risk, greater wealth inequality -- The looming retirement shipwreck -- Social security: the leaky life boat -- Sink or swim retirement plans -- A perfect storm: labor and financial maker risks feed on each other -- The pitfalls of employer-sponsored retirement -- Upside-down tax incentives -- Sidelined: the millions who are left out -- Charting a new course.
Macroeconomics.
Economic policy.
Finance.
Finance, Public.
Personal finance.
Pension plans.
Macroeconomics/Monetary Economics//Financial Economics.
Economic Policy.
Popular Science in Finance.
Public Finance.
Personal Finance/Wealth Management/Pension Planning.