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Are Washington Workers Ready for Retirement?

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Abstract

In addition to Social Security, Washington workers depend on the accessibility and affordability of employer-sponsored retirement plans to support them in retirement. This report reveals that Washington employers are offering fewer retirement plans to their employees today. The overall decline in plan sponsorship, coupled with the shift from DB to DC plans, represents a real threat to workers' retirement security. Left unchanged, Washington's residents will face increasing downward mobility in retirement.

Suggested Citation

  • Teresa Ghilarducci & Joelle Saad-Lessler & Kate Bahn & Anthony Bonen, 2014. "Are Washington Workers Ready for Retirement?," SCEPA publication series. 2014-02, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
  • Handle: RePEc:epa:cepapb:2014-02
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    File URL: https://www.economicpolicyresearch.org/images/docs/research/retirement_security/SCEPA_WA_report_March_2014.pdf
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    More about this item

    Keywords

    Retirement; Social Security; Washington;
    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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