Economic Policy Project

About the Project

The Economic Policy Project’s work revolves around a central strategy: to illustrate the unsustainability of current federal fiscal policy, to demonstrate the consequences of inaction, and to create a path toward a comprehensive fiscal plan that would spur economic growth and also stabilize the nation’s debt trajectory.

Retirement Security: A Diversity of Risks

Americans have a variety of ways to prepare for retirement. Some have defined benefit pensions, while others have 401(k)s or IRAs. Most will be entitled to Social Security benefits in old age. But many Americans have no retirement plan outside of Social Security or are not preparing adequately. Saving for and managing the risks surrounding retirement security can be a daunting task, as shown by these illustrative profiles.

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A Diversity of Risks: The Challenge of Retirement Preparedness in America

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Retirement Security Personal Savings

Outliving Your Savings: Longevity Risk

Most of the public discourse on retirement planning revolves around how much people should save during their working years and what is the best means by which to do so. Just as important to retirement security, however, is what individuals do after they reach retirement and how they make their savings last for the possibility of living two, three, or more decades beyond their working careers. This is one of the biggest challenges facing the U.S. retirement system today.

Deficits or Defense: The False Choice

Policymakers seem to be gradually wakening to the fact that the sequester process that trimmed discretionary defense and non-defense accounts in the federal budget has begun to hurt. The impacts of sequestration are not only damaging to our national security, but also short-change investments in the future that affect projected economic growth.

Social Security Trustees Report: One Year Closer to Insolvency

This morning, the trustees of Social Security released their annual report, which includes an assessment of the program’s financial health. The Social Security actuaries estimate that under current law, the Old-Age and Survivor’s Insurance (OASI) Trust Fund will be depleted in 2034 (one year earlier than projected last year), while the Disability Insurance (DI) Trust Fund will be depleted in late 2016, unchanged from last year.

Social Security trustees report