Press Releases

Press Releases | Transamerica Institute

Fewer Than Half of U.S. Workers Are Aware of a Tax Credit for Retirement Savers

February 2022 |Transamerica Center for Retirement Studies

Only 48 percent of U.S. workers are aware of the IRS Saver's Credit t that may help them save for retirement, according to the 22nd Annual Retirement Survey from nonprofit Transamerica Center for Retirement Studies® (TCRS). Also referred to as the Retirement Savings Contributions Credit by the Internal Revenue Service (IRS), the Saver’s Credit is available to millions of eligible taxpayers who are saving for retirement. Read more to tips on how to claim the Saver's Credit. 

Now Is the Time to Forge a New Social Contract and Future-Proof Retirement

December 2021 |Transamerica Center for Retirement Studies

The New Social Contract: Future-Proofing Retirement highlights the urgency for modernizing and future-proofing retirement systems, as the economy begins to rebuild from the damage of the COVID-19 pandemic. Almost four in 10 people globally are concerned about running out of money in retirement (38 percent global, 39 percent U.S.), according to the 10th Annual Global Retirement Readiness Survey. It is a collaboration among Aegon Center for Longevity and Retirement (ACLR) and nonprofits Transamerica Center for Retirement Studies® (TCRS) and Instituto de Longevidade MAG.

Recognizing and Addressing Risks and Realities Negatively Impacting Retirement Security 

November 2021 | Transamerica Center for Retirement Studies 

A Compendium of Findings About the Retirement Outlook of U.S. Workers examines demographic influences on U.S. workers’ long-term financial outlook. Fewer than one in four U.S. workers (24 percent) are “very confident” that they will be able to fully retire with a comfortable lifestyle, according to the 21st Annual Retirement Survey.

Financial Impacts of the COVID-19 Pandemic Undermine Women's Retirement Security 

October 2021 | Transamerica Center for Retirement Studies 

Life in the COVID-19 Pandemic: Women's Health, Finances, and Retirement Outlook examines the retirement prospects and risks for women workers. More than half of working women (51 percent) indicate their financial situation has been negatively impacted by the pandemic, according to the 21st Annual Retirement Survey. 

Transamerica Institute Launches ClearPath: Your Roadmap to Health and WealthSM Podcast

October 2021 | Transamerica Institute 

New weekly podcast explores health and financial well-being issues and tips with host Al Waller, our own retirement and public health experts, Catherine Collinson and Mihaela Vincze, and other special guests. ClearPath - Your Roadmap to Health and Wealth has always been about helping listeners make informed decisions in their daily lives, and now, this expanded podcast format can reach people anywhere and anytime. 

Healthy, Flavorful Recipes for Coping With the COVID-19 Pandemic

August 2021 | Transamerica Institute 

To help people during these challenging times, nonprofit Transamerica Institute has published updated editions of four free cookbooks in its Healthier Traditions CookbookTM series, including Quick & EasyItalianSoul Food, and American Classics. The Healthier Traditions Cookbook recipes include nutritional facts, evidence-based details, helpful tips, and modifications for specific dietary needs. 

Workers Are Saving for Retirement Despite Challenges Amid the Pandemic

August 2021 | Transamerica Center for Retirement Studies 

Living in the COVID-19 Pandemic: The Health, Finances, and Retirement Prospects of Four Generations examines the retirement prospects of Generation Z, Millennials, Generation X, and Baby Boomers. Despite six in 10 employed workers (60 percent) having made adjustments due to pandemic-related financial strain, 82 percent are saving for retirement, according to the 21st Annual Retirement Survey.  

Rising to the Occasion: Employers Finding Ways to Support Employees Amid COVID-19

June 2021 | Transamerica Institute 

Navigating the Pandemic: A Survey of U.S. Employers examines the pandemic’s impact on employers, their response, and timely opportunities. Most employers have been negatively impacted by the pandemic (70 percent) and more than half implemented difficult cost-cutting measures that affected their employees (54 percent). At the same time, nine in 10 employers implemented one or more types of support for their employees during the pandemic, such as flexible hours, the ability to work remotely, safety measures for on-site workers, and more. 

Fewer than Half of U.S. Workers Are Aware of a Tax Credit for Retirement Savers

February 2021 | Transamerica Center for Retirement Studies

Only 43 percent of workers are aware of the IRS Saver's Credit, according to the 20th Annual Retirement Survey. This little-known tax credit makes it more affordable for eligible taxpayers to save for retirement in a 401(k), 403(b), or similar employer-sponsored retirement plan; a traditional or Roth IRA, or an ABLE account. Read more to tips on how to claim the Saver's Credit. 

Young Adults Are on an Uncertain Road to Retirement

January 2021 | Aegon Center for Longevity and Retirement 

The New Social Contract: Young adults reinventing life, work, and retirement examines the perspectives, priorities, and preparations of workers in their 20s around the world. Young adults are expecting to self-fund an even greater proportion of their retirement income than previous generations. However, few young adult workers (age 20 to 29) think they are on course to achieve their retirement income needs (20 percent global, 26 percent U.S.), according to the 9th Annual Global Retirement Readiness Survey. It is a collaboration among Aegon Center for Longevity and Retirement (ACLR) and nonprofits Transamerica Center for Retirement Studies® (TCRS) and Instituto de Longevidade Mongeral Aegon.

The Pandemic’s Impact on Workers’ Finances Has Long-Term Repercussions for Retirement Security

December 2020 | Transamerica Center for Retirement Studies 

Retirement Security: A Compendium of Findings About U.S. Workers Report highlights workers’ vulnerabilities and outlines priorities for policymakers. One in five U.S. workers (21 percent) indicate their confidence in their ability to retire comfortably has declined in light of the coronavirus pandemic – and only 27 percent are very confident that they will be able to fully retire with a comfortable lifestyle, according to the 20th Annual Retirement Survey.

Women’s Retirement Outlook Is Becoming Even Riskier Amid COVID-19

September 2020 | Transamerica Center for Retirement Studies 

Women and Retirement: Risks and Realities Amid COVID-19 Report outlines women’s financial vulnerabilities before and during the pandemic. One in four women workers (24 percent) who are employed or recently unemployed say their confidence in their ability to retire comfortably has declined amid the coronavirus pandemic, according to the 20th Annual Retirement Survey. However, only 17 percent of women say they are “very” confident they will be able to fully retire with a comfortable lifestyle.

The Financial Vulnerabilities of Retirees Before and During the COVID-19 Pandemic

September 2020 | Transamerica Center for Retirement Studies 

Retirees and Retirement Amid COVID-19 Report examines how retirees are financially faring in retirement. Despite the ongoing pandemic, three in four retirees (75 percent) say their confidence in their ability to maintain a comfortable lifestyle through retirement has stayed the same, according to the 20th Annual Retirement Survey. While this stability in retirement confidence seems to be good news, it should also be underscored that only 29 percent are “very confident” in their ability to do so.

Quick and Easy Healthy Recipes for These Challenging Times

July 2020 | Transamerica Institute 

In the 20th Annual Retirement Survey, fewer than six in 10 U.S. workers reported they eat healthfully on a consistent basis amid the COVID-19 pandemic. Healthier Traditions: Quick and Easy Cookbook offers 19 dietitian-crafted recipes to make in 20 minutes or less. It strives to raise awareness of the importance of a nutritious diet and to make it easier to make healthier choices. 

Age-Friendly Employers Are Integral to the New Social Contract for Retirement

June 2020 | Aegon Center for Longevity and Retirement 

The New Social Contract: Age-Friendly Employers highlights the ways employers around the world can promote retirement security. Workers globally and in the U.S. expect they will need on average 67 percent of their current income in retirement, yet relatively few believe they are on course to meet these needs (25 percent globally, 39 percent U.S.), according to the 9th Annual Global Retirement Readiness Survey. It is a collaboration among Aegon Center for Longevity and Retirement (ACLR) and nonprofits Transamerica Center for Retirement Studies® (TCRS) and Instituto de Longevidade Mongeral Aegon.

U.S. Rural Residents Face Health and Health Care-Related Vulnerabilities

June 2020 | Transamerica Institute 

Left Behind: Health Care in Rural America Report illuminates the health and health-care related risks among rural residents and offers comparisons with urban and suburban residents. Only 69 percent of rural residents describe themselves as being in “excellent” or “good” health, which is less than what is reported by urban (80 percent) and suburban residents (78 percent), according to the 7th Annual Consumer Health Care Survey.

COVID-19 Poses Unprecedented Threat to Retirement Security of US Workers

May 2020 | Transamerica Center for Retirement Studies 

Retirement Security Amid COVID-19: The Outlook of Three Generations Report examines the retirement risks faced by Millennials, Generation X, and Baby Boomers. Twenty-three percent of workers who are employed or recently unemployed say their confidence in their ability to retire comfortably has declined in light of the coronavirus pandemic, according to the 20th Annual Retirement Survey.

Women’s Retirement Insecurity Is a Global Concern

February 2020 | Aegon Center for Longevity and Retirement 

The New Social Contract: Achieving retirement equality for women offers insights for improving the retirement outlook of women around the world. Globally, only 21 percent of women workers (25 percent U.S.) believe they are on course to achieve their retirement income needs, according to the 8th Annual Global Retirement Readiness Survey. It is a collaboration among Aegon Center for Longevity and Retirement (ACLR) and nonprofits Transamerica Center for Retirement Studies® (TCRS) and Instituto de Longevidade Mongeral Aegon.

Fewer than Four in 10 U.S. Workers Are Aware of a Tax Credit for Retirement Savers

January 2020 | Transamerica Center for Retirement Studies 

Fewer than four in ten U.S. workers (38 percent) know about a tax credit that may help them save for retirement, according to the 19th Annual Retirement Survey. Also referred to as the Retirement Savings Contributions Credit by the Internal Revenue Service (IRS), the Saver’s Credit, is available to eligible taxpayers who are saving for retirement. Read more to tips on how to claim the Saver's Credit. 

Improving U.S. Retirement Security Requires Addressing Demographic Disparities

December 2019 | Transamerica Center for Retirement Studies 

Compendium of Findings About U.S. Workers Report offers detailed perspectives on retirement readiness. Today’s workers have saved $50,000 (estimated median) in all household retirement accounts, but savings vary dramatically across demographic segments, according to the 19th Annual Retirement Survey.

Employer-based Health Coverage Remains Strong, With Concerns about Affordability

December 2019 | Transamerica Institute 

Mental health employee benefits are important for U.S. employers. Ninety-six percent of employers believe improving mental health in the workplace is good for their business, but only 65% indicate their company provides adequate mental health services, according to the 7th Annual Employer Healthcare Survey.

Nineteen Facts That Illuminate Women’s Retirement Risks

November 2019 | Transamerica Center for Retirement Studies 

19 Facts About Women's Retirement Outlook Report outlines vulnerabilities and opportunities for women to improve their retirement outlook. Only 12 percent of women workers are “very” confident that they will be able to fully retire with a comfortable lifestyle, according to the 19th Annual Retirement Survey. 

Americans Largely Pleased with Health Coverage but Concerned about Affordability

October 2019 | Transamerica Institute 

Americans Settle in During Healthcare Uncertainty Report finds more than half of workers stay at their job to keep health benefits. Six years after Health Insurance Exchanges were first launched as a result of the Affordable Care Act (ACA), Americans report they are largely satisfied with their healthcare options, according to the 7th Annual Consumer Health Care Survey.

Employers Play a Critical Role in Improving Workers’ Retirement Security

October 2019 | Transamerica Institute 

Employers: The Retirement Security Challenge Report finds employers should do more to help employees financially prepare for older age. Only 17 percent of employers are very confident that their employees will be able to achieve a financially secure retirement, an alarming statistic given the societal role they play in helping workers financially prepare for older age, according to the 19th Annual Retirement Survey.

Transamerica Institute Announces Colorado's Above-Fifty Employment Strategies (CAFES) Employer Survey

August 2019 | Transamerica Institute 

Transamerica Institute, in collaboration with the University of Iowa College of Public Health, is seeking Colorado business participation in a survey on age-friendly workplaces to identify best practices for recruiting and retaining age 50+ workers. Grant funding for this research has been provided by the Colorado-based NextFifty Initiative.

The Self-Employed Are Defying Retirement While Overlooking Essential Preparations

July 2019 | Transamerica Center for Retirement Studies 

Self-Employed: Defying and Redefining Retirement Report examines the preparations, expectations, and vulnerabilities of the self-employed. Only 26 percent of the self-employed are “very much” looking forward to retirement according to the 19th Annual Retirement Survey.

Empowerment Is the Cornerstone of the New Social Contract for Retirement

May 2019 | Aegon Center for Longevity and Retirement 

The New Social Contract: Empowering individuals in a transitioning world highlights the need for collective action by individuals, governments, and employers to help individuals around the world take greater control over their retirement security. The most frequently cited retirement concerns are declining physical health (50 percent global, 44 percent U.S.) and running out of money (40 percent global, 49 percent U.S.), according to the 8th Annual Global Retirement Readiness Survey. It is a collaboration among Aegon Center for Longevity and Retirement (ACLR) and nonprofits Transamerica Center for Retirement Studies® (TCRS) and Instituto de Longevidade Mongeral Aegon.

Millennial Healthcare Preferences Are A Departure From The Status Quo

May 2019 | Transamerica Institute 

Millennials: Digital Natives Disrupting Healthcare Trends Report shows that Millennials are less insured, less satisfied, and visit the doctor less. Millennials (16 percent) are more likely to be uninsured compared with the older generations (12 percent of Gen X and 8 percent of Boomers), an increasing trend since 2016, according to the 6th Annual Consumer Healthcare Survey. When asked why they lack insurance, 60 percent of uninsured Millennials say it is too expensive. More than the older generations, uninsured Millennials say that they do not have time to acquire coverage. 

What Is “Retirement”? Today’s Workers Say That It Is Freedom

April 2019 | Transamerica Center for Retirement Studies 

In this era in which people have the potential to live longer than in any other time in history, a time when workers are grappling with how to financially prepare for older age, What is "Retirement"? Three Generations Prepare for Older Age Report explores the perspectives and preparations of American workers and what "retirement" personally means to them. Workers most often associate retirement with the words “freedom” (55 percent), “enjoyment” (53 percent), and “stress-free” (43 percent), according to the 19th Annual Retirement Survey. 

Rocky Retirement Prospects of Workers in Physically Demanding Jobs

March 2019 | Aegon Center for Longevity and Retirement 

The Unique Retirement Challenges of Workers in Physically Demanding Jobs highlights imminent risks and outlines mitigating actions that physical workers around the world can take to improve their retirement prospects. Few workers in physically demanding jobs or “physical workers” feel they are on track to meet their estimated retirement income needs (31 percent U.S., 21 percent global), according to the 7th Annual Global Retirement Readiness Survey. It is a collaboration among Aegon Center for Longevity and Retirement (ACLR) and nonprofits Transamerica Center for Retirement Studies® (TCRS) and Instituto de Longevidade Mongeral Aegon.

Eat Healthier Flavorful Favorites with New Healthy Italian Cookbook

February 2019 | Transamerica Institute 

Jump start a new year of healthy eating with 18 classic Italian recipes. Healthier Traditions: Italian Cookbook facilitates healthy eating habits year-round, which is now available for users to download online for free. This marks the fourth edition of the Healthier Traditions Cookbook series, with previous free versions including healthier takes on Soul Food, Regional American Classics and Traditional Mexican dishes.

Six in Ten American Workers Aren’t Aware of a Valuable Tax Credit Available to Retirement Savers.

January 2019 | Transamerica Center for Retirement Studies 

Most American workers are unaware of an important tax credit that may help them save for retirement. The Saver’s Credit, also referred to as the Retirement Savings Contributions Credit by the Internal Revenue Service (IRS), is available to eligible taxpayers who are saving for retirement. Unfortunately, 62 percent of workers are unaware of the credit, according to the 19th Annual Retirement Survey. Read more to tips on how to claim the Saver's Credit. 

Transamerica Institute's Catherine Collinson Named an Influencer in Aging by PBS Next Avenue

September 13, 2018 | Transamerica Institute 

Transamerica Institute congratulates our very own, Catherine Collinson, who has been named Influencer in Aging by PBS Next Avenue for her work in pushing traditional boundaries and changing our society's understanding of what it means to grow older.

Disruptive Megatrends Necessitate a New Social Contract for Retirement

May 2018 | Aegon Center for Longevity and Retirement

The New Social Contract: A Blueprint for Retirement in the 21st Century illuminates the critical need for modernization of retirement systems around the world. Almost half of today’s workers and retirees believe that future generations of retirees will be worse off than those currently in retirement (49 percent globally, 46 percent U.S.), according to the 7th Annual Global Retirement Readiness Survey. It is a collaboration among Aegon Center for Longevity and Retirement (ACLR) and nonprofits Transamerica Center for Retirement Studies® (TCRS) and Instituto de Longevidade Mongeral Aegon.

LGBT Workers in the U.S. Lead Global LGBT Community in Retirement Readiness

January 2018 | Aegon Center for Longevity and Retirement

LGBT: Retirement Preparations Amid Social Progress explores retirement preparations of LGBT people across nine countries: Australia, Brazil, Canada, France, Germany, the Netherlands, Spain, the United Kingdom, and the United States. Lesbian, Gay, Bisexual, and Transgender (LGBT) workers in the U.S. are outperforming LGBT workers in eight other countries regarding retirement readiness, according to the 6th Annual Global Retirement Readiness Survey. It is a collaboration among Aegon Center for Longevity and Retirement (ACLR) and nonprofits Transamerica Center for Retirement Studies® (TCRS) and Instituto de Longevidade Mongeral Aegon.

Transamerica Institute Releases The Many Faces of Caregivers: A Close-Up Look at Caregiving and Its Impacts

September 19, 2017 | Transamerica Institute 

Transamerica Institute releases a national survey of 3,000+ non-professional caregivers, the largest of its kind. The survey examines caregivers' duties and highlights the impact caregiving has on personal health and well-being, employment, finances and retirement preparations. The report offers an in-depth analysis and demographic portraits of caregivers by employment status, gender, generation, household income, ethnicity, and whether they are the primary caregiver and became a caregiver voluntarily or not. The report also offers detailed findings about care recipients, including their health status and financial situation.  

Inertia and Inaction Threaten to Sabotage Retirement Success

June 2017 | Aegon Center for Longevity and Retirement

Successful Retirement: Healthy Aging and Financial Security exposes retirement un-readiness among workers globally. Globally, the top three retirement aspirations among survey respondents are traveling (62 percent), spending time with friends and family (57 percent), and pursuing new hobbies (48 percent). A noteworthy 26 percent of respondents globally mention some form of paid work as a retirement aspiration, a finding which is even higher in the U.S. (37 percent), according to the 6th Annual Global Retirement Readiness Survey. It is a collaboration among Aegon Center for Longevity and Retirement (ACLR) and nonprofits Transamerica Center for Retirement Studies® (TCRS) and Instituto de Longevidade Mongeral Aegon.