PSC In The News
Geronimus discusses causes, potential solutions to racial disparities in infant mortality
Highlights
Arline Geronimus wins Excellence in Research Award from School of Public Health
Yu Xie to give DBASSE's David Lecture April 30, 2013 on "Is American Science in Decline?"
U-M grad programs do well in latest USN&WR "Best" rankings
Sheldon Danziger named president of Russell Sage Foundation
Back in September
Follow us Stafford finds shrinking proportion of labor force with retirement accounts
a PSC In The News reference
"U-M Analysis: Fewer Have Retirement Funds, More Raid Them" - CBS - Detroit. 02/06/2013.
Frank Stafford and Thomas Bridges found that over the past decade a smaller percent of Americans initiated retirement accounts and more were dipping into them prior to retiring. Although defined benefit plans restrict pre-retirement withdrawls, other types of now-common options do not. Stafford says: ““If you leave people to their own devices, it’s tempting for them to use this money before they retire... So allowing pre-retirement access to these funds is a problem.” Full paper.
PSC Profiles:
Frank P. Stafford
Thomas Bridges
More employees are raiding their retirement accounts. CNN - Fortune 2/27/2013.