In the last few years, people around the globe have experienced greater economic insecurity than many of us have seen since the Great Depression. Large and small employers alike are cutting back on jobs and benefits, government does not guarantee a safety net for all, and a growing number of workers at all levels are unable to pay for their homes, adequate food, or healthcare costs, not to mention being able to save for retirement and old age. Inequality is widening.
Nearly half of Americans say they would be unable to afford food, clothing or housing in retirement without Social Security.
The Rockefeller Foundation supports private and public efforts in the United States to:
Demonstrate a demand for savings bonds as a safe and credible savings instruments for low-and-middle-income workers and families.
Develop and model a plan for Guaranteed Retirement Accounts (GRAs) to ensure that all Americans have an income replacement rate of at least 70% in retirement.
Fund innovative research proposals on ways to strengthen Social Security to ensure greater economic security for American workers, particularly vulnerable populations such as elderly widows and groups at high risk of disability.
Raise awareness and educate policymakers about the importance of unemployment insurance for low-income workers who may become unemployed.