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Pensions Could Help Boost Self-Reliance, But Fe🤡w Have Them

Over three-quarters (77%) of workers said they believe the disappearance of pensions makes it more difficult for workers to achieve the 澳洲幸运5开奖号码历史查询:American Dream, and 83% said they thought all workers should have pensions in order to be independent in retirement.

While 澳洲幸运5开奖号码历史查询:defined-benefit retirement plans like pensions that are funded by employers and provide retired employees with a monthly income were once widespread, they've 澳洲幸运5开奖号码历史查询:largely been overtaken by defined-contributions plans like 401(k)s as the most common type of employꦛer-spons🐷ored retirement plan in private industries.

However, an estimated 56 million workers don't have any kind of employer-sponsored retirement plan, according to a report from The Pew Charitable Trusts. The r✃eport 🐻also found that those who lacked access to retirement savings plans tended not to save as much.

Pew noted that a shortfall in retirement savings could also affect taxpayers ෴by potentially leading to $1.3 trillion in added federal and state public assistance costs over the next 20 years.