PNS National Newscast

Audio Activation
"Siri, play the Public News Service (podcast)"
"Hey Google, play the Public News Service podcast"
"Alexa, play Public News Service podcast"
or "Alexa, what's my news flash?" once you set it up in the Alexa app


Audio Activation
"Siri, play the 2020Talks podcast"
"Hey Google, play the 2020Talks podcast"
"Alexa, play Two-Thousand-Twenty Talks podcast"
or "Alexa, what's my news flash?" once you set it up in the Alexa app


PNS Daily Newscast - March 5, 2021 

New rules should speed large-scale clean-energy projects in NY; Texas' Gov. Abbott tries to shift COVID blame to release of "immigrants."

2021Talks - March 5, 2021 

A marathon Senate session begins to pass COVID relief; Sanders plans a $15 minimum wage amendment; and work continues to approve Biden's cabinet choices.

Retirement Security Out of Reach for Many in Wyoming

Downloading Audio

Click to download

We love that you want to share our Audio! And it is helpful for us to know where it is going.
Media outlets that are interested in downloading content should go to
Click Here if you do not already have an account and need to sign up.
Please do it now, as the option to download our audio packages is ending soon

In the 1980s, just 1-in-3 retired households were financially insecure, compared with nearly 1-in-2 today. (401kcalculator/Flickr)
In the 1980s, just 1-in-3 retired households were financially insecure, compared with nearly 1-in-2 today. (401kcalculator/Flickr)
July 1, 2019

CHEYENNE, Wyo. — Fewer employers offering pensions, a lack of retirement savings, higher health costs and longer life expectancy is putting the dream of a secure retirement out of reach for millions of Americans.

Sarah Gill is senior legislative representative for AARP. She said the average Social Security check is about $1,200 a month, which isn't enough for many to get by. And the average savings for people nearing retirement age is just $12,000.

"So when you look at that bleak picture, what we see across the country is that one out of every two households is at risk for a financially insecure retirement,” Gill said.

A state task force recently recommended that Wyoming lawmakers consider creating a state retirement plan to make it easier for small businesses to offer plans to some 96,000 Wyoming workers who currently cannot save through their paychecks. Gill noted plans that work in other states operate at little-to-no cost to participating businesses.

Critics in the financial sector have argued states should not be in the financial securities business and say good plans already are available in the marketplace. Gill said only 5% of people save for retirement on their own through marketplace options like IRAs or mutual funds. But people who can save through their paychecks are 15-times more likely to save.

Gill said red and blue states alike are re-considering their roles, mainly because taxpayers end up on the hook for safety-net costs when people don't have enough retirement income.

"In fact, Wyoming could save roughly $18 million between now and 2032 just by helping people save a little extra money of their own for retirement,” she said.

Gill added it's never too late to start saving for retirement, and encouraged people to visit AARP's website for tips on getting it right. She also recommended thinking twice before tapping Social Security benefits. She said waiting until full retirement age can add 8% or more to a regular source of income that you can't outlive.

Disclosure: AARP Wyoming contributes to our fund for reporting on Consumer Issues, Health Issues, Housing/Homelessness, Senior Issues. If you would like to help support news in the public interest, click here.
Eric Galatas, Public News Service - WY