In America, Who Carries the Risk of Retirement?

Financial knowledge helps people make smarter decisions about money. However, financial literacy cannot create money that a household does not have.

In fact, building a nest egg takes many years. Turning those savings into reliable income brings significant challenges. For instance, market swings, inflation, policy shifts, and unexpected care needs impact every family. No single household can predict or control all of these factors.

Consequently, individual workers carry a heavy burden of retirement risk today. Therefore, we must ask how society can share these financial responsibilities more fairly.

In Part 2 of our series, Steve examines how retirement risk impacts American families. Additionally, he explores better ways for employers and leaders to share these costs.