"Unless we are able to reverse the trends that are driving the decline of the middle class, many of today's middle class workers will not have a middle class retirement," Rand said. He noted that the research highlights trends that will threaten the health and financial security of people now in their 30s, 40s and 50s when they are ready to retire.
Emphasizing the critical role
Speaking specifically about the future of
Rand also restated the Association's opposition to proposals that would increase the eligibility age for
Rand's address builds on the year-long "
"The Effects of Rising Health Care Costs on Middle Class Economic Security"
A key finding - contained in a report on the "The Effects of Rising Health Care Costs on Middle Class Economic Security" - is that middle class households have continued to be staggered by rising health care costs that have wide-ranging and negative direct and indirect effects.
The study, conducted for
"For both working-age and retirement-age middle class households, rising health care expenses are taking up a growing share of financial resources, leaving less for other priorities," the analysis says.
"In the Red: Older Americans and Credit Card Debt"
Another important report looks at middle and low income use of credit cards, the high-interest "plastic safety net" that many Americans depend on to get through hard times.