Social Security has reliably delivered benefits to millions of people for over 50 years, and can continue to do so for generations to come. It is one strong leg of the retirement 'stool' upon which Americans rely.
The other 'legs' are workplace-based retirement plans and personal savings. Today, almost 50% of all working Americans are not covered by a retirement plan at work. This is especially true for employees of small- and medium- sized businesses, because there are few low-cost, well-managed, scalable and portable retirement plans are available on the market.
To bridge that gap, EOI is working with agencies and organizations here in Washington and across the country to create safe, portable retirement options for today's workers, called Retirement Security Accounts.
The Great Recession would have been far more devastating without the steady flow of Social Security dollars into every community, supporting families and main street businesses. With traditional pensions in sharp decline, job security evaporating, and savings and home values fluctuating wildly, Social Security is now more important than ever to the American people.
11.20.2011 | Social Security is the bedrock of economic security for millions of children, as well as working and retired Americans. The Social Security system currently operates at a surplus, and with a few minor tweaks, will continue to do so now and far into the future. But we can improve on Social Security's winning formula.
11.20.2010 | Social Security is the bedrock of economic security for millions of children, as well as working and retired Americans. The Social Security system currently operates at a surplus, and with a few minor tweaks, will continue to do so now and far into the future. But we can improve on Social Security's winning formula.
07.18.2011 | A secure and dignified retirement is one of the hallmarks of America’s middle class. Today, few Americans can afford to save for retirement on their own. This brief proposes three steps to ensure retirement security for every American.
05.03.2011 | In the United States, an employer-provided retirement plan has long been considered an essential complement to Social Security and personal savings. But public pensions have increasingly come under attack as private sector employers have scaled back their pension offerings to all but the most highly compensated employees, and public budgets have been decimated by a deep recession and anti-tax ideology.
01.10.2011 | Social Security is one of the great achievements of American democracy, and it is more important now than ever. Instead of looking for ways to cut Social Security, elected leaders should be looking for ways to strengthen the program and increase benefits. Strategies for doing so are detailed in this brief.
John Balkenhol's pension disappeared just when he needed it most.
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