Interventions to improve financial preparation for retirement


The average American spends roughly 20 years in retirement, which is funded with a combination of pensions, other savings and investments, and Social Security benefits. Only about a third of non-retired adults think their retirement savings is on track. Insufficient saving puts pressure on Social Security benefits, burdens safety net programs, and creates financial stress.


OES worked with the Department of Defense, the Department of the Treasury, the United States Postal Service, and the Social Security Administration to increase enrollment in defined-contribution pension plans and prompt benefit claims by eligible older adults.