Loading Please wait, logging in.
Join ALFA Member Login RSS Feed
Tagline Image
Bookmark and Share  

Rethinking Retirement – Panel Discussion Raises Issues and Solutions

In the United States, 10,000 people are retiring per day.  By 2030, the population will consist of 17 million people aged 65 and older.  Despite these growing numbers, many seniors lack adequate retirement savings, resulting in a risk of downward mobility among the elderly population. 

On July 26, 2013, the AARP and U.S. Chamber of Commerce hosted a forum to discuss and shed light upon this issue.  Together, the two organizations issued a joint statement calling the President and Congress to mobilize policies that would result in more retirement saving.  Specifically, AARP and the U.S. Chamber highlighted the importance of the following:

  1. Expanding access for workers to retirement savings plans at their places of employment, while acknowledging and reducing any burden this may place on employers.  Special emphasis is placed on programs with automatic enrollment and automatic escalation, which have both proven to be the most efficient and effective method to increase participation;
  2. Increasing incentives to save for individuals of all income levels, with a particular focus on low- and moderate-income workers who oftentimes have fewer opportunities to save;
  3. Increasing educational efforts to make more Americans aware of the need to save a sufficient sum for retirement. 

In addition to the statement, several panels further emphasized the need for policy changes to implement these suggestions and ultimately lead to more awareness and greater overall savings.  Speakers included Putnam Investments CEO Bob Reynolds and several other distinguished panelists. 

View the forum in its entirety



Suggested Articles:

1/23/2015
Advocacy, CEO, cheatsheet
The swelling ranks of the nation’s older adults are changing the face of the nation, creating a complex array of opportunities and challenges for issu...
1/21/2015
Advocacy, Allied Member, Business Planning, CEO, cheatsheet, Membership, Partnerships, Provider Member, Strategy
ALFA has been working diligently to evolve into an organization positioned and equipped to address the long-term needs of the senior living industry. ...
1/21/2015
It’s a difficult and murky place many adult children and their parents find themselves when it comes to discussing end-of-life planning. Author Tim P...
1/21/2015
Advocacy, Legislation, Policy in the States
The Assisted Living Federation of America, which advocates for excellence in senior living, applauds President Obama’s remarks in the State of the Uni...
1/13/2015
Advocacy, ALFA's Public Policy Positions, CEO, cheatsheet, Legislation, Policy in the States, Regulations
New York is one of the most diverse states in the nation, home to broad rural regions yet housing the nation’s largest city that boasts a population o...
08/13/2013


Additional Resources