Retirement security is a growing crisis.
Oregonians are living longer, and with budgets stretched thin, retirement often seems like a dream, something we aspire towards but might not ever quite reach.
Families are forced to choose whether to pay bills or save for the future. Workers face growing uncertainty, often holding jobs with stagnant wages, and without retirement benefits. Businesses are hard-pressed to help their employees save for retirement.
Here’s a tough fact: Half of Oregon’s workers don’t have enough money to retire. Thirty-six percent of workers aged 55 and older surveyed by the Employee Benefit Research Institute report having less than $10,000 in savings and investments.
That’s why one of my biggest legislative priorities is paving the way for a state retirement savings fund.