The system’s redistribution of income from higher earners to lower earners in retirement is responsible for the significant poverty reduction among older Americans.
One-third of those with federal student loans in repayment are more than 90 days delinquent, and trends point to delayed homeownership and retirement savings.
Relatively modest changes could help many more Americans achieve a comfortable retirement. And that should be enough reason for policymakers to act.
After a flirtation with thrift after the recession, young Americans have stopped saving. Adults under age 35—the so-called millennial generation—currently have a savings rate of negative 2%, meaning they are burning through their assets or going into debt, according to…
It is considered by experts to be one of the biggest challenges facing the housing market today. The so-called “Millennials” – the generation following the once-considered-rudderless Generation X – has yet to move into the housing market en masse.
Dowell Myers, demographer with the USC Sol Price School of Public Policy, joined BPC’s 2014 Housing Summit to discuss how demographic trends will shape the US housing market and whether federal policy will anticipate the significant shifts taking place.
The program, previously in existence but drastically underutilized, directly transfers 10 percent of the borrowers’ annual incomes from their monthly paychecks towards repayment of their debt, with an annual $10,000 income exemption clause.
We are pleased to introduce our first Summit speaker, Professor Dowell Myers, Ph.D. a demographer and urban planner from the University of Southern California Sol Price School of Public Policy. Don’t miss his luncheon keynote presentation on Monday, September 15.