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America’s growing income protection gap

October 13, 2017

Millions of American workers face the rising risk of income protection gaps (IPGs) that can have damaging impacts for families, employers and the government.

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Income protection gaps are defined as the reduction in household income as a consequence of the death or incapacitation of an adult wage earner on whom the household relies, taking all public and private sources of replacement income into account. Thus, income protection gaps are concerning at the local, family level where they occur, but also depend globally on the relationship between governments, employers and individuals.

A new report produced jointly by Zurich Insurance Group and the University of Oxford explores the issue of income protection gaps and recommends potential solutions to address the risks they represent.