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Are Maryland Workers Ready for Retirement?

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Abstract

The weak economic climate has left many people in Maryland worried about how their financial needs will be met as they age. In addition to the basic level of insurance provided by Social Security, Maryland workers depend on the accessibility and affordability of employer-sponsored retirement plans to fund their retirement years. This report finds that employer sponsorship of retirement plans is declining in Maryland, making it difficult for workers to prepare for retirement.

Suggested Citation

  • Teresa Ghilarducci & Joelle Saad-Lessler & Lauren Schmitz, 2013. "Are Maryland Workers Ready for Retirement?," SCEPA publication series. 2013-01, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
  • Handle: RePEc:epa:cepapb:2013-01
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    File URL: https://www.economicpolicyresearch.org/images/docs/research/retirement_security/SCEPA%20Maryland%20report%20March%2029%202013.pdf
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    More about this item

    Keywords

    Retirement; Social Security; Maryland;
    All these keywords.

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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