Are Americans prepared for retirement?

Panelists from ICI and University of Chicago Booth School of Business will discuss data about household balance sheets, retirement resources, and retiree consumption patterns

March 07, 2014 11:52 IST | India Infoline News Service
As the Baby Boom generation rolls into retirement, researchers, policymakers, and the public are focused on American workers’ need and ability to save for retirement. To help inform that debate, the Investment Company Institute is convening a group of respected academics and experts to share their differing views on the question of whether Americans, young and old, are preparing adequately for retirement. Members of the media are invited to attend this invitation-only event that includes an audience of regulators, policymakers, retirement experts, and academics.

Researchers Have a Range of Views on Retirement Preparedness
  • The ICI Retirement Summit will be held at the National Press Club in Washington, DC on 
  • April 4, 2014, to explore the issues around Americans’ retirement savings, including: data on household balance sheets and retiree consumption patterns; retirement risks facing today’s workers in Social Security, healthcare costs, and longevity risk; and alternative estimates of retirement preparedness. 
Speaker Highlights
  • ICI President and CEO Paul Schott Stevens will give opening remarks outlining ICI’s goal of shedding light on the full range of views, based on hard research, regarding Americans’ retirement prospects.
  • James Poterba, Massachusetts Institute of Technology, National Bureau of Economic Research, and TIAA-CREF will give the keynote lunch address on the varied picture of retirement.
Panel Highlights

Panel 1: What Do We Know About Retirement Resources and Retiree Consumption?
Panelists from ICI and the University of Chicago Booth School of Business will discuss data about household balance sheets, retirement resources, and retiree consumption patterns.

Panel 2: Retirement Risks for Today’s Workers
Panelists from the Social Security Administration; the University of California, Los Angeles; and the Wharton School of the University of Pennsylvania will present data on Social Security—replacement rates, claiming behavior and its financial status—and on retirees’ health care costs, longevity trends and financial literacy.
Panel 3: A Variety of Measures to Evaluate Americans’ Retirement Preparedness
Panel 4: Discussion of Americans’ Retirement Preparedness

Panelists from the Center for Retirement Research at Boston College, the Employee Benefit Research Institute, University of Wisconsin and RAND Center for the Study of Aging will present research, using different methods and reaching different conclusions, on Americans’ retirement preparedness and will then participate in a roundtable discussion comparing and contrasting the research. 

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