Social Security Works Issues Statement on Retirement Savings Executive Order
"Americans are facing a looming retirement income crisis. Using that very real crisis as a pretext,
"This executive order, issued during a campaign swing right before
"Currently, nearly two-thirds of Americans have less than
"But, decades of stagnating wages, rising healthcare costs, and skyrocketing inequality have left workers struggling just to keep their heads above water. Families approaching retirement have a median amount of
"Individual saving for retirement has proven itself to be a failure. The primary beneficiaries from this executive order will be wealthy donors and
"Revealingly, Trump reportedly will not be calling for employer matches. Nor has he ever called for increasing the minimum wage or strengthening the right of workers to collectively bargain. These are proposals that would actually increase worker pay, allowing a greater ability to save.
"What is needed for retirement security is not individual savings, but
"Unlike additional tax breaks for private savings accounts, which will increase income and wealth inequality, expanding
"Yet
"The executive order implicitly blames the victims of the retirement income crisis by acting as though they are simply not saving enough. The obvious solution to the retirement income crisis is to expand
Farmers Insurance Survey Reveals Sixty-Percent of People Didn’t Have a Plan in Place for a Natural Disaster
American Benefits Council Issues Statement on Executive Order on Retirement Plans
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News