With one in two Oregonians at risk of retiring into poverty, we are facing an imminent retirement crisis.
All Oregonians deserve the opportunity to retire with dignity and without having to rely on state services in their golden years. The new study released by the National Institute on Retirement Security confirms that the American Dream of retiring comfortably after a lifetime of work will be impossible for many.
The average working household has virtually no savings. Working-age households have a median retirement account balance of $3,000, and near-retirement households have an average of $12,000. There's no denying there's a retirement crisis in Oregon, and it's up to us to do something about it now!
Please take five minutes right now to contact your senator and tell him or her that we need retirement security!
The Oregon House passed HB 3436. Now it's up to the Senate.