University of Wisconsin–Madison
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Is Retirement Planning Possible for Low-income Families?

J. Michael Collins
J. Michael Collins

In this webinar, J. Michael Collins, faculty director of the University of Wisconsin–Madison Center for Financial Security, reviews recent trends in retirement from work for people who worked at low-income levels for most of their lives. Retirement planning is daunting for all families, but especially those with low-incomes. As pensions have shifted to defined contributions, families with little or no savings may struggle to retire from work, relying on support from Social Security Old Age and Survivors Insurance programs, if they qualify. Collins discusses the role of housing wealth and costs, health care coverage and costs, as well as support from family and assistance programs, all of which are important for this population.

 

Categories

Economic Support, Employment, Financial Security, Labor Market, Low-Wage Work, Retirement, Social Insurance Programs

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