The Rockefeller Foundation has announced plans to dedicate $70-million to help American workers in need attain health insurance and retirement security, reports The New York Times.

With more companies reducing employee benefits and sending jobs abroad, Judith Rodin, president of the foundation said, “we started thinking this is going to affect us, too, that it’s not just everyone else in the world wearing Levi’s and listening to American music.”

A poll the foundation sponsored with Time magazine found that 72 percent of Americans say the country’s residents are less financially secure than they were a decade ago.

The foundation is also supporting a project to measure how insecure Americans feel about their finances and another project to draw more people to purchase annuities after they retire.

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