The NCSL Blog

11

By Anna Petrini

This week is National Retirement Planning Week, a nationwide effort to help consumers concentrate on their retirement security and an opportunity for state policymakers to examine how they can help avert a retirement savings crisis.

Longer lifespans, Retireesa shift away from traditional defined benefit pensions, and uncertainty about the future of Social Security have heaped more responsibility (and more anxiety) on individual Americans when it comes to preparing for retirement.

Thirty-one percent of nonretired respondents in a recent Federal Reserve survey reported that they had no retirement savings or pension. Fifty-five percent of those with annual household incomes below $40,000 said they plan to keep working as long as possible or don’t plan to retire at all.

Throughout the week, the National Retirement Planning Coalition (NRPC), a group of prominent education, consumer advocacy and financial services organizations, led by the Insured Retirement Institute (IRI), will hold a number of coalition activities to focus national attention on retirement readiness.

Additional information about the coalition’s work and ways to participate in the week’s events is available here.

Anna Petrini is a policy associate in NCSL’s State Services Division.

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About the NCSL Blog

This blog offers updates on the National Conference of State Legislatures' research and training, the latest on federalism and the state legislative institution, and posts about state legislators and legislative staff. The blog is edited by NCSL staff and written primarily by NCSL's experts on public policy and the state legislative institution.