Starting in 2020, the numbers of very low-income elderly will rise sharply as the retired population soars to almost 56 million. More middle-class working Americans will be poor or near poor after they reach the age of 65. Most currently have inadequate 401(k)-type accounts or no retirement account at all. For good reason, voters tell pollsters that their top economic concern is retirement security.
Read the full op-ed at The New York Times.