Are New Yorkers Ready for Retirement?

Teresa Ghilarducci, Joelle Saad-Lessler and Lauren Schmitz
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Lauren Schmitz: Schwartz Center for Economic Policy Analysis (SCEPA), https://www.economicpolicyresearch.org

No 2012-01, SCEPA publication series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: This report, published by New York City Comptroller John C. Liu, reveals that a growing number of New Yorkers don't have enough money to retire. Over one-third of older residents are expected to either subsist on Social Security, or not be able to retire at all. The report found that employers have become less willing or able to sponsor pensions – a trend that is true across most industries and occupations, and affects New Yorkers of nearly all ages and income groups. The brewing retirement crisis cuts across racial, ethnic and gender lines.

Keywords: Retirement; Social Security; New York City (search for similar items in EconPapers)
JEL-codes: E21 H55 J26 (search for similar items in EconPapers)
Pages: 4 pages
Date: 2012-01
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Persistent link: https://EconPapers.repec.org/RePEc:epa:cepapb:2012-01

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