OTEers know I’ve long been concerned about economic security in retirement among aging Americans whose limited earnings and savings threaten to generate inadequate income replacement rates once they’ve aged out of the workforce. That’s one reason for my frequent scribblings on behalf of the new “fiduciary rule,” limiting conflicts of interest among financial advisors providing… Read more
[This post was written jointly with Lily Batchelder.] In objecting to our op-ed on the importance of ensuring that financial advisors place their clients’ best interest ahead of their personal profits, Dirk Kempthorne, the President and CEO of the American Council for Life Insurers, offers a misleading argument, built on a large, incorrectly cited number…. Read more
Over at WaPo. Actually, the Census income and poverty results for 2014–poverty was unchanged from 2013 and remains elevated at 14.8% and real median household income was also flat–seem a bit too pessimistic to me given what we know about jobs and wages in 2014 so I focused more on longer term trends. Another reason… Read more
Over at PostEverything, with some pretty striking graphics.
An extended piece, co-authored with Ben Spielberg, on what public policy can do to help increase the mobility of those on the wrong side of the inequality divide, over at the Atlantic (note cute picture above lead). This work led me to do a deep dive into the rich economic mobility literature. I’ll have more to… Read more