The Great Recession has battered pensions and home values, leaving millions of Americans facing an uncertain retirement. “But attributing this grim situation solely to the recession would be misleading,” writes Lauren Damme. The downturn has in fact exacerbated deeper structural problems in retirement savings patterns, including a troubled transition from defined-benefit to defined-contribution plans, widespread underfunding of public pensions, and an over-reliance on rising home values for retirement security.
Click here for a briefing on the troubled state of retirement security in America. (PDF, 15 pp.)
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