The Ticking Retirement Time Bomb: What State Governments Can Do
12 Pages Posted: 19 Nov 2004
Abstract
This paper summarizes discussions at two regional meetings held in September 2004 by members of the Reforming States Group about how state governments can most effectively respond to the likelihood that a large number of today's public- and private-sector workers won't be able to afford even a modest standard of living in retirement, particularly if they get hit with major home health or nursing home bills. The Boston and St. Louis conversations dealt with two interrelated issues: retirement income adequacy generally, and the cost of health care (particularly long-term care) in retirement. States were the focus of these discussions because of the number of different roles they play in retirement/old age security.
Keywords: Postretirement expenditures, Retirement income
JEL Classification: D31, D91, H77, J14
Suggested Citation: Suggested Citation