Taken together, BPC’s recommendations would increase retirement savings by 50 percent for middle-class Americans and reduce old-age poverty by one-third.
A Gallup poll earlier this year found that 64 percent of Americans are either very worried or moderately worried about not having enough money for retirement.
Kent Conrad and James Lockhart outline a bipartisan proposal that allows Americans the opportunity to easily save for retirement straight from their paychecks.
Kent Conrad and James Lockhart discuss a bipartisan proposal that would help boost retirement savings, including Social Security.
Conrad and Lockhart joined SiriusXM’s P.O.T.U.S. channel to discuss the challenges facing Social Security and outline key reform proposals included in a new BPC report.
Saving for retirement to ensure financial security in later years is a goal shared by all Americans that unfortunately is not always within easy reach.
Social Security is the bedrock of retirement security for most Americans. But to maintain that position, it needs to be modernized and put on more secure footing.