A Comprehensive Plan to Confront the Retirement Savings Crisis

Teresa Ghilarducci and Hamilton James
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Hamilton James: Schwartz Center for Economic Policy Analysis (SCEPA), https://www.economicpolicyresearch.org

No 2016-01, SCEPA publication series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: The plan proposes a simple, immediately effective solution to address the fundamental flaws in today's broken retirement system. It details a single, sustainable framework - Guaranteed Retirement Accounts (GRAs) - to allow Americans to save consistently, generate the returns necessary, and retire with guaranteed lifelong income. And by repurposing lopsided subsidies and strategically using existing government infrastructure, this plan can be implemented with no new taxes, bureaucracy or increase of the federal deficit.

Keywords: Retirement; GRA; Savings (search for similar items in EconPapers)
JEL-codes: B50 J26 J32 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2016-03
New Economics Papers: this item is included in nep-age
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Persistent link: https://EconPapers.repec.org/RePEc:epa:cepapb:2016-01

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