Working in Old Age Can’t Be the Only Answer to the Retirement Crisis

By Peter Coy Source: The New York Times Teresa Ghilarducci, a labor economist, begins her new book with a story about an 82-year-old cashier at Walmart who was able to retire — finally — after a customer started a GoFundMe campaign for him that blew up on social media. “Is this what America’s retirement system has come to?” she asks. “Are we heading for a TikTok pension system?” Ghilarducci argues that working longer is not the solution to America’s [...]

2024-03-18T11:41:54-07:00March 15th, 2024|Categories: Retirement|Tags: , |

Labor economist Teresa Ghilarducci highlights retirement system pitfalls

By Brian Kroce Source: Pensions & Investments Too many Americans are working longer — to the detriment of their health and well-being — without achieving retirement security because the retirement system in place has left them behind, according to labor economist Teresa Ghilarducci. "The system that we have experimented with for the past 40 years, which I call it a 'do-it-yourself, voluntary, individual-directed, commercially based system with top-heavy tax breaks,' has mostly failed," Ghilarducci said at the National Institute [...]

2024-02-27T12:18:53-08:00February 27th, 2024|Categories: Retirement|Tags: , |

401(k) experiment has failed, fueled U.S. retirement crisis, labor economist says

By Rob Kozlowski Source: Pensions & Investments The 401(k) plan experiment has failed, and the retirement crisis in the United States is only getting worse, said Teresa Ghilarducci, labor economist and author of the forthcoming book "Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy." Ghilarducci, who is also professor of economics at The New School for Social Research and the director of the Schwartz Center for Economic Policy Analysis and The New School's Retirement Equity Lab, [...]

2024-01-23T13:53:46-08:00January 19th, 2024|Categories: 401(k)|Tags: , , |
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