The Bipartisan Policy Center (BPC) and personal finance expert Ric Edelman announced today the launch of a new initiative, “Funding Our Future: A Campaign for America’s Retirement Security,” to raise awareness and drive action around one of the biggest financial challenges of our time.
Millions of working Americans face the risk of outliving their savings, and a great many lack access to retirement savings plans at the workplace, all while the Social Security Trust Fund faces depletion by 2034. The Funding Our Future campaign will educate policymakers and the American public about these issues, explaining why immediate attention is essential.
The campaign’s goals are to make saving easier for Americans of all ages, help retirees transform their nest eggs into a lifetime of income, and save America’s Social Security system — not only for the millions of seniors relying on its benefits today, but also for future generations. Partners of the campaign will provide educational resources, informing the public about these key issues and why they should get involved.
“We need to take action to improve America’s retirement security before it’s too late,” Ric Edelman, founder and executive chairman of Edelman Financial Services, said. “Through this campaign and partnership, we encourage all Americans to call on their representatives in Congress, to convince them to tackle the problems facing our country’s retirement system so we can improve the well-being of millions of current and future retirees.”
“All Americans — from millennials to baby boomers, those who live in cities and those who live in rural areas — deserve the opportunity and tools to pursue a secure retirement. As longevity increases, these challenges only grow more critical,” Jason Grumet, BPC president, said. “We are creating this coalition to bring attention to an issue that affects the lives of all Americans and show that constructive policy solutions exist.”
Joining BPC and Edelman in this campaign to inform the public and policymakers about retirement security and to make the issue a priority are:
The Aspen Institute Financial Security Program
The Employee Benefit Research Institute
The Women’s Institute For A Secure Retirement
Funding Our Future looks forward to adding new partners to this coalition in the coming months.