Industrialized societies are facing major challenges with respect to their citizens’ retirement security. Across the globe, populations are aging rapidly. At the same time, too many households are not saving adequately for their retirement and other long-term needs even though saving vehicles are available.
This policy brief summarizes major parallel efforts currently under consideration in the U.S., the UK and New Zealand to address the retirement security shortfall by expanding personal saving for retirement.
Pew is no longer active in this line of work, but for more information visit the Retirement Security Project on PewHealth.org.