One reason older workers have inadequate retirement savings is that many are locked into low-paying jobs that don’t provide access to a retirement plan.
But in the tax reform plan just unveiled by Congress, nothing is done to resolve the situation—instead, suggestions are made on taxes that would make an existing regressive system even worse.
So says a report from the Retirement Equity Lab at The New School, which says that even though U.S. Bureau of Labor Statistics reports a low (3.2 percent) unemployment figure for workers 55 and older as of September, the picture is deceptively rosy.
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