Who Gets to Retire?
An excerpt from Work, Retire, Repeat
For the first time in modern American history, gains in retirement time are concentrated at the economic top. ...
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Pandemics and Your Retirement Accounts
What You Should and Should Not Do
First, pause with gratitude if you have a retirement account. Only 41 percent of older workers have any type of retirement plan at work, whether it is a traditional pension or a 401(k) TIAA- type plan. The rate of non-coverage is even higher for younger workers. And the rate of ...
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Senior Citizens as “Silver Surfers”
& Other Fantasies about Working Longer
The new “working-longer consensus” is reminiscent of the deeply flawed and now largely-discredited “Washington Consensus” that crystallized around aid to developing countries in the 1980s. Both are based on the demands of neo-liberal policy makers, not the needs of working people.
The Economist recently endorsed the findings of the 2019 OECD report “Working ...
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‘It Can’t Come Soon Enough’: Creating Retirement Security For New York Workers
A Q&A with New School economist and retirement expert Teresa Ghilarducci.
Urban Matters: You’re one of the leading authorities on retirement in America, so let’s get your opinion of Mayor Bill de Blasio’s recently proposed “retirement security plan” for New Yorkers. But first give us a snapshot of how many New Yorkers are approaching retirement, and how financially prepared they are.
Ghilarducci:In ...
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State Retirement Reform
Lifting Up Best Practices
In only six years, from 2011 to 2017:
40 states proposed bipartisan retirement reform to provide private-sector workers retirement coverage;
9 states enacted retirement reform; and
2 states have programs up and running.
Since Trump's inauguration, 22 states proposed reform and Vermont signed it into law.
In the 9 states that enacted plans, 3.5 ...
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