Policy Article

Federal Retirement Savings Accounts Can Build Wealth, Fight Poverty, and Give American Seniors Dignity

Federal Retirement Savings Accounts Can Build Wealth, Fight Poverty, and Give American Seniors Dignity

Michael Tubbs

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Today, we don’t need flowery language from our elected leaders, or a new declaration of war against poverty. President Biden took a bold step by enacting a Child Tax Credit that drastically slashed child poverty. Now we need him and others to recognize that leaving millions of seniors in poverty is a policy choice — and so is lifting them up.

Michael Tubbs is the Founder of End Poverty in California (EPIC); the Founder of Mayors for a Guaranteed Income; and the Special Advisor to California Governor Gavin Newsom for Economic Mobility. In 2016, he was elected Mayor of Stockton at twenty-six years old. He was the city’s first African American mayor and the youngest mayor of any major city in American history. He would like to thank the Yale Law & Policy Review team for their excellent feedback and editing.

Cite this article:

Michael Tubbs

,

Federal Retirement Savings Accounts Can Build Wealth, Fight Poverty, and Give American Seniors Dignity

, 40 Yale L. & Pol'y Rev. 642 (2022).