Research
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Drop in Credit Score is Fallout from Older Partner’s Death – Center for Retirement Research
The negative financial consequences for individuals over age 50 who lose a partner are dramatic. A new study by Ohio State researchers found that the...
The negative financial consequences for individuals over age 50 who lose a partner are dramatic. A new study by Ohio State researchers found that the surviving partners see their credit scores drop by 10 points – a decline that persists for up to two years following the partner’s death. Further confirmation in this study of... -
Are Employers Willing to Hire Older Workers? – Center for Retirement Research
A series of studies suggests tempered optimism at best. Larry Fink, in his annual letter to Blackrock investors, once again raised the question about the...
employer demand, employer demand for older workers, Larry Fink, old workers job search, older workers, older workers cost, older workers hiring, older workers productivity, older workers skills, older workers value, Retirement, working longerCenter, Employers, Hire, Older, Research, retirement, WorkersA series of studies suggests tempered optimism at best. Larry Fink, in his annual letter to Blackrock investors, once again raised the question about the appropriate retirement age. Certainly, with life expectancy and health improving – at least for a portion of the population – longer careers could be one way to ensure an adequate... -
National Retirement Plan Would Lift Low-income Saving – Center for Retirement Research
Virtually all high-income workers in this country are saving in some type of employer retirement plan. But only a minority in the lowest-income group are....
401k, automatic enrollment, CalSavers, IRA, low-income, low-wage workers, MaineSaves, MarylandSaves, MyCTSavings, OregonSaves, restaurant, retail, Retirement, retirement savings plan, Secure Choice Retirement Program, SecureSavings, VirginiaSaves, warehouseCenter, Lift, lowincome, national, Plan, Research, retirement, savingVirtually all high-income workers in this country are saving in some type of employer retirement plan. But only a minority in the lowest-income group are. A new study tackles this serious shortfall for disadvantaged workers in service, retail and other low-paying jobs. The crux of the problem, the researchers find, is that they lack easy... -
Delay Social Security? Not Everyone Can Do it – Center for Retirement Research
Financial advisers often encourage older workers to delay signing up for their Social Security as long as possible to maximize their monthly income. But several...
Financial advisers often encourage older workers to delay signing up for their Social Security as long as possible to maximize their monthly income. But several of our blog’s readers point out, rightly, that this isn’t always possible for people in physically taxing jobs. Blue-collar workers are in a real Catch-22, caught between the unforgiving financial... -
The Cost of Employer-Sponsored Health Care Appears to Have Stabilized – Center for Retirement Research
Good news for wages and Social Security tax base, but will costs stay flat? Health care costs are a large and growing share of the...
Employer Contributions, employer health insurance, employer sponsored health insurance, ESHI, health expenditures, health spending, Medical Expenditure Panel Survey (MEPS), medical expenses, National Health Expenditures, Retirement, Social Security wage base, value of ESHIAppears, Care, Center, Cost, EmployerSponsored, health, Research, retirement, StabilizedGood news for wages and Social Security tax base, but will costs stay flat? Health care costs are a large and growing share of the nation’s GDP. One way those costs feed into the general economy is through employer contributions to employer-sponsored health insurance (ESHI). Economists generally assume that the costs of employer benefits –... -
Rising Stocks, House Prices Boost US Retirement Outlook – Center for Retirement Research
While COVID was raging, the jump in house prices and a rising stock market were dramatically improving U.S. workers’ retirement finances. In 2022, the share...
While COVID was raging, the jump in house prices and a rising stock market were dramatically improving U.S. workers’ retirement finances. In 2022, the share of households that were not saving enough to maintain their standard of living after they retire dropped to 39 percent, from 47 percent in 2019, according to the Center for... -
Bureaucracy, Paperwork Block Access to Government Aid – Center for Retirement Research
Seven million low-income Americans who would qualify for SNAP food stamps are not receiving them. And millions have fallen out of their state’s Medicaid coverage...
Seven million low-income Americans who would qualify for SNAP food stamps are not receiving them. And millions have fallen out of their state’s Medicaid coverage or Children’s Health Insurance Program since the federal guarantee of coverage during COVID expired last year. The bureaucratic hurdles, multiple-page applications, and layers of federal and state requirements cause many... -
How Firms Perceive Benefits & Costs – Center for Retirement Research
The brief’s key findings are: Our 2023 Small Business Retirement Survey looks at why some small firms offer a retirement savings plan and others do not. Factors that...
Bank of America, BoA, EBRI, employer sponsored retirement plans, Greenwald, private sector retirement plans, Retirement, retirement plan coverage, retirement savings, small business, small business owner, small business retirement plans, small business survey, small businesses, uncovered workers, workplace retirement plansBenefits, Center, costs, Firms, Perceive, Research, retirementThe brief’s key findings are: Our 2023 Small Business Retirement Survey looks at why some small firms offer a retirement savings plan and others do not. Factors that affect whether small firms offer a plan include firm size, wages, and industry, as well as beliefs on whether it will help attract workers. The main barriers to offering a... -
Nursing Homes Can’t Meet the Care Needs of an Aging Population – Center for Retirement Research
Where are we going to get the workers to care for us? How are we going to pay them? In my view, long-term care is...
activities of daily living, ADLs, aging society, Biden's proposed staffing rule, KFF, licensed nurses, licensed practical nurses, long-term care, LTC, minimum nursing hours, nurse aides, nursing home care, nursing home residents, nursing home staffing, nursing homes, proposed staffing rule, registered nurse, Retirement, staffing issues, staffing shortagesaging, Care, Center, Homes, Meet, Nursing, population, Research, retirementWhere are we going to get the workers to care for us? How are we going to pay them? In my view, long-term care is one of the major challenges facing an aging society. Care can take the form of a nursing home, formal care provided in the community or home, or informal care provided... -
Nursing Homes Forced to Hire More Costly Outside Staff – Center for Retirement Research
COVID has wreaked havoc on the nursing home industry’s staffing. Prior to COVID, only one in five nursing homes had to hire some of their...
COVID has wreaked havoc on the nursing home industry’s staffing. Prior to COVID, only one in five nursing homes had to hire some of their workers from outside agencies to fill in as caregivers for their patients. Today, nearly half are using agency staff, who are providing more and more hours of the direct care...