Next Avenue: Incentives that could help workers retire later, save more

This article is reprinted by permission from NextAvenue.org. It is part of the Political Issues And Policies Special Report.

Most government policy proposals addressing Americans’ financial insecurity about retirement focus on boosting retirement savings. Tweaking 401(k) rules, creating mandatory universal retirement savings plans, that sort of thing. But there’s another approach bubbling up among retirement scholars: increasing incentives that would encourage men and women in their 50s and 60s to work longer.

It’s true that the labor-force participation rate among workers age 55 and older has been on the rise. For example, 19.9% of people 65 to 69 worked in 1987 and last year, 33.1% did.

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