“We are listening now”: Democrats’ path forward leads back to the economy – Salon
“Regaining economic credibility with voters will require addressing the deep insecurities felt by a large share of workers and families. Democrats should start by fighting to give them access to the tools they need to build wealth and achieve financial stability and security.
“Consider retirement savings, which are the number one source of wealth for American households. According to the Federal Reserve, over one-quarter of non-retired adults have zero saved for retirement. This is in large part because more than 50 million Americans – many of whom are lower and middle income -– lack access to employer-sponsored retirement plans. Lawmakers who want to tackle this challenge and create an opportunity for real bipartisan policy innovation should look no further than the Retirement Savings for Americans Act (RSAA). This legislation would provide tens of millions of workers who are being left behind today with access to a plan and incentives nearly identical to the retirement benefits enjoyed by members of Congress and their staff.”
Congress should go further. CCSE work on creating a savings/investment system that includes ALL WORKERS:
Here’s how to include all US workers in the retirement savings system – 2 essential ingredients needed:
Half of Americans have no retirement savings — here’s how Congress can look out for them
And how the current system is adding to economic inequality:
How the American Retirement Savings System Magnifies Wealth Inequality – Society of Actuaries