Policymakers should focus on improving participation rates in retirement plans

In Politics by Michael Rae

A recent report titled “The Missing Middle – How Tax Incentives For Retirement Savings Leave Middle-Class Families Behind” from the National Institute on Retirement Security (NIRS) makes the argument that the country’s approach of providing tax deferral as an incentive for retirement savings may be working for higher-income individuals but not so well for lower- and middle-class workers. The analysis tackles a broad range of tax and benefit policy shortcomings and provides the following major conclusions:

Social Security does a lot to prevent old-age poverty but could do more to protect the middle class.Tax expenditures and incentives for retirement savings are

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