Democrats and Republicans finally agree on something: America faces a retirement crisis

SummaryA recent survey by BlackRock revealed that Americans, regardless of their political affiliation, are concerned about retirement security. The survey found broad bipartisan agreement on the existence of a retirement savings crisis, with most respondents admitting to having less than $150,000 saved and a significant portion having no emergency savings. The survey also highlighted discrepancies between desired and expected retirement ages. While the average American retires at 62, the average over-50 worker expects to retire at 67. The podcast further examines the differences in the proposed plans for Social Security by the presidential candidates, Kamala Harris and Donald Trump. The podcast concludes by underscoring the universal concern about retirement security and emphasizing the need for bipartisan solutions, citing Secure Act 2.0 of 2022 as a successful example of bipartisan collaboration on retirement security.Thanks for listening to Earl’s Newsletter Podcast Subscribe for free to receive new posts and support our work. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit earlcotten.substack.com/subscribe