Global Uncertainty Fuels Workers' Desire for Retirement Security

Introduction:

The 2013/2014 Global Benefit Attitudes Study examines how employees' preferences for retirement security affects their financial priorities and retirement planning, what makes them join an organization and what makes them stay, and the kind of benefits they desire.

The research was conducted in 12 countries, and the survey was completed by 22,347 employees representing all job levels and major industry sectors. Read More

 Source: Towers Watson

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Does Household Debt Influence the Labor Supply and Benefit Claiming Decisions of Older Americans?

Abstract:
Americans’ indebtedness has increased dramatically since the 1980s – a trend likely to have important implications for retirement security.  This study finds that older adults with debt are 8 percentage points more likely to work and 2 percentage points less likely to receive Social Security benefits than those without debt.  Not only does the presence of debt influence older adults’ behavior, but so do the amount and type of debt – particularly outstanding mortgages. Increasingly, retirement security will depend on having enough income and assets to pay for basic living expenses and to service debt.

Source: Center for Retirement Research at Boston College

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