This set of fact sheets spotlights the importance of Social Security, highlighting the different categories of beneficiaries, their average benefit levels, and the importance of these benefits as a vital source of retirement income and poverty alleviation. Data are also provided outlining Social Security's impact on state economies.
Access to an employer-based retirement plan is critical for building financial security later in life, yet nearly half of American employees in the private sector work for an employer that does not offer either a traditional pension or a retirement savings plan. This figure has not changed much in decades, but the growing number of state-facilitated, privately managed retirement savings programs are helping to close this gap.
Gift card fraud affects people of all ages, causing the average victim to lose $1,000.Since the start of the pandemic, gift card fraud has rapidly increased, with reported cases more than doubling in frequency.This report offers a look at gift card fraud from various angles before providing an assessment of industry’s role in intervention, both currently and in terms of future opportunities.
The latest monthly digest of employment data from the Bureau of Labor Statistics (BLS) examines the findings from the Employment Situation Report. It takes a closer look at employment data for people ages 55 and over, including labor force participation, employment rates, and duration of unemployment.
Ten years after its creation, the Consumer Financial Protection Bureau’s (CFPB) complaint database serves as a powerful tool for individuals to file complaints about a financial product or service, to see that their voices are heard, and in some cases to obtain relief. This report examines complaints filed with the CFPB from individuals self-reporting as older adults, largely focused on the time period from January 1, 2018, through June 30, 2021.
