The Washington Post has produced a terrific story on the 998 workers impacted by the 1994 closure of the Tulsa, Oklahoma, McDonnell Douglas plant. Many of the employees interviewed were able to eventually find work again, but in many cases,...

Saw an interesting note this morning regarding Citigroup's U.S. economic surprise index. Obviously, 2017 has been an incredible year for the markets with the S&P 500 up more than 20% so far, reflecting a strong economy that has achieved its...

Happy Holidays, Merry Christmas, and a very happy, healthy, and prosperous New Year to you and yours from the Kamp Family. Thank you for your support and friendship in 2017. I very much look forward to what 2018 might bring....

Consumer debt has hit an all-time high of 26% of disposable income. In the past five years, consumer debt has outpaced income growth by roughly twice. As a reminder, consumer debt excludes mortgages and home equity loans. The growth in...

According to the WSJ, there are two provisions in the tax bill that relate to retirement. First, borrowers of 401(k) loans will now have more time to pay back the loan after leaving their job. Currently, the employee has to...

Here is a new PolicyNote from The New School's Schwartz Center for Economic Policy Analysis. The punchline is truly scary: "Without a universal supplement to Social Security, many of the 24 million workers ages 55-64 will face declining living standards...

There are many in our country that would love nothing more than to see public pension systems unwound. They often cite the burgeoning unfunded liabilities as their motivation for this action: protecting the taxpayer. In a recent blog post on...

The following chart highlights the fact that the "recovery" since the GFC has left many Americans behind. According to Credit Suisse and the U.S. Federal Reserve, the median American household hasn't come close to recovering their level of net worth...

I have just returned from Las Vegas, NV where I was very pleased to participate in the most recent CORPaTH conference. This organization should be applauded for their continued work to preserve and protect defined benefit pension plans as the...

We, at KCS, have been railing about the impending U.S. retirement crisis since our founding in August 2011, primarily because of the demise of the defined benefit plan and greater use of defined contribution offerings. However, we've been cautiously optimistic...