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Gary Koenig

Biography:

Gary Koenig directs the economic security team of the AARP Public Policy Institute. His own work focuses on Social Security, private pension reform, retirement savings and income adequacy in retirement. Follow him on Twitter @gary_koenig

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Gary Koenig'sPosts

Greater Saving Can Increase Retirement Security and Economic Growth

Posted on 06/24/2014 by |AARP Blog Author | Comments

Public Policy Institute  Increased saving can be an important driver of future economic growth and rising living standards. That is the conclusion of a new report by Oxford Economics — Another Penny Saved: The Economic Benefits of Higher US Household Saving — sponsored by AARP and 10 other organizations. The U.S. personal saving rate has been declining for more than 30 years. And the report’s authors project the rate will drop further — from around 4 percent today to about 3 percent …

Retirement Crisis: Are We There Yet?

Posted on 05/23/2013 by |AARP Blog Author | Comments

Public Policy InstituteIt seems like you can’t open up a newspaper (or twitter feed) without reading about the impending “retirement crisis.”  The word crisis, used to describe so many things, may get the public’s attention, but is it accurate?   Many retirees today struggle to make ends meet and others face dire situations triggered by job loss or unexpected health expenses.  But the prospect of a broader retirement crisis depends on your frame of reference. Because of the protections Social Security provides, …