In the midst of an American retirement security crisis where current and future retirees must prepare for a sharper drop in their standard of living at retirement than their parents, research by the Economic Policy Institute (EPI) shows that Americans are less likely to retire in their 60s than their counterparts in other countries in the Organisation for Economic Co-operation and Development (OECD). 30 percent of 65 – 69 year-olds in the United States (and rising) are employed versus 20 percent of 65 – 69 year olds in OECD countries.
This is largely because in other countries, the retirement system replaces enough income for people to survive decently and maintain their standard of living. Not so in the U.S., where senior poverty is high and our retirement system replaces a lower share of pre-retirement income.
The main cause has been the shift from traditional pensions to do-it-yourself retirement savings plans such as 401(k)s, causing financial insecurity for millions of current and future retirees.
The solution is for the United States Congress to pass legislation that expands Social Security benefits and ensure a more secure retirement for all, not just the wealthy few.
Please sign the petition to the U.S. Congress today calling on them to act on behalf of all current and future retirees.
Campaign for America's Future
Alliance for Retired Americans
American Family Voices
Democracy for America
EPI Policy Center
Pension Rights Center
People For the American Way
Silver Linings Action
Social Security Works
The Other 98%
America is facing a looming retirement security crisis. Recent research shows that 30 percent of 65 – 69 year-olds in the United States are employed versus 20 percent of 65 – 69 year olds in other OECD countries, largely because our retirement system replaces a lower share of pre-retirement income than those in other industrialized countries.
In order to ensure a safe and secure retirement for all and not just the wealthy few, we call on you to pass legislation that expands Social Security benefits for millions of Americans.
Note: This petition is sponsored by Alliance for Retired Americans, American Family Voices, Campaign for America's Future, CPD Action, Courage Campaign, CREDO, Daily Kos, Democracy for America, EPI Policy Center, Left Action, Pension Rights Center, People For the American Way, Progressive Congress, Public Citizen, RootsAction.org, Silver Linings Action, Social Security Works, The Nation, The Other 98%, USAction, and Working Families. By signing, you may receive emails from one or more of these sponsors updating you on the progress of this campaign and other important projects. (You may, of course, unsubscribe at any time.)Petition powered by Mandate Media.