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Retirement in America:  Underfunded 401(k)s and Forgotten IRAs

Transcript | Summary

Retiring in America isn’t easy.

From underfunded 401(k)s to forgotten IRAs, retirement in America is fraught with challenges. These challenges are exacerbated by deficits in financial literacy that disproportionately impact groups that are at a higher risk for financial insecurity in retirement—including those with low incomes, minorities, and women.

During Retirement in America: Underfunded 401(k)s and Forgotten IRAs, an Economic Mobility Project virtual event, we shared new research and explored policies and challenges impacting retirement savings for millions of American households.

The event featured presentations by:

  • Enrichetta Ravina
    Senior Economist, Federal Reserve Bank of Chicago
    “Retirement Savings Adequacy in U.S. Defined Contribution Plans”
  • Shanthi Ramnath
    Senior Economist, Federal Reserve Bank of Chicago
    “Set It and Forget It? Financing Retirement in an Age of Defaults”

The presentations were followed by a moderated discussion featuring:


  • Kristin Myers
    Journalist, The Balance


  • Annamaria Lusardi
    Professor of Economics and Accountancy at the George Washington University School of Business
  • J. Mark Iwry
    Visiting Scholar, Wharton School, University of Pennsylvania, and Nonresident Senior Fellow, Economic Studies, Brookings Institution
  • Sita Nataraj Slavov
    Professor of Public Policy, George Mason University, and Nonresident Senior Fellow, American Enterprise Institute
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