Many American families are not financially prepared for retirement. Currently, about one in three U.S. households reports it has no retirement savings, including one out of five members aged 55 to 64. One out of four families does not know how it will pay for expenses in retirement, including about one out six members aged 45 to 59. This is particularly troubling given the large number of baby boomers who will turn 65 in the coming decades.
More than half of working-age families are at risk of not being able to maintain their standard of living in retirement. On average, families need to save 14 percent of their income each year, beginning at age 35 and running through age 65, to have enough money to maintain their pre-retirement lifestyles.
The majority of policies and programs aimed at low-income people target either children or their parents, but usually not both. Dual-generation poverty approaches, however, focus on both kids and their parents in order to foster upward mobility and break the cycle of intergenerational poverty.
Helping low-income families afford child care is an investment that will pay dividends for children, their families and the nation overall, according to a recent report that reviewed research on the subject.
How much does a knee replacement cost? A Caesarean section? For years in Colorado, it was almost impossible to know.
In 2008, a group of Colorado health care and health insurance experts and advocates outlined a goal: Gather information about health care prices in a transparent, understandable way for Colorado consumers.
The goal was to help consumers make informed health care decisions. And by opening the books on price information, perhaps help to control costs.