This collection of information from ACLI – including commentary, webpages and statements – describes the importance of retirement policy initiatives, such as SECURE 2.0, to help more Americans achieve financial security through retirement.
Data Points
27% of Americans decreased or stopped saving toward retirement in 2020.
One in three (33%) Boomers – those closest to retirement age – have between $0-$25,000 in retirement savings.
Among those with emergency savings at the start of COVID-19, 70% of Black households and 60% of Hispanic households say that they have dipped into them during the past few months, compared to only 34% of white households.
Nearly 75% of women said COVID-19 had a negative impact on how long they could live off their retirement savings.
4,000,000 workers prematurely retired amid the COVID-19 pandemic.
In approximately three years, the U.S. will have more 65-year-olds than ever before. More than 10,000 people turn 65 every day.
41% of millennials are burdened with student loan debt, and 45% have no dedicated retirement savings.
ACLI's annuities webpage highlights the role annuities play in a secure financial future.
Explore ACLI's one-pager on expanding retirement savings and security.
ACLI's retirement security message hubcaptures how life insurers' guaranteed products help people achieve long-term financial security.
ACLI's retirement security toolkitincludes fact sheets, side-by-sides, infographics and more on 2021 retirement legislation.
Spread the Word
In 2020, ACLI CEO @Susankneely had a candid conversation with @RepRichardNeal & @RepKevinBrady about #RetirementSecurity amid the #pandemic hosted by @Every_Future. WATCH to learn about the importance of financial protection: https://www.youtube.com/watch?v=iLpzE-Y-qV0
ACLI’s @401Kathleen shares our progress to expand access to retirement savings with the passage of the #SECUREAct & explores new bipartisan proposals to enhance retirement security. See how Congress supports removing barriers to lifetime income tools: https://impact.acli.com/congress-supports-lifetime-income/
How does the Securing a Strong Retirement Act of 2021, dubbed SECURE 2.0, further enhance Americans’ retirement security? See four provisions More details:https://www.acli.com/posting/nr21-027
