Working longer won’t solve the retirement crisis — seniors need a ‘Gray New Deal’ to retire with dignity, this economist says
Working longer won’t solve the retirement crisis — seniors need a ‘Gray New Deal’ to retire with dignity, this economist says
America’s do-it-yourself retirement system is not working, says Teresa Ghilarducci.
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... fucking yes it will. Not 100% "solve" but greatly mitigate. This is very basic making an income helps you live.
We can also revisit the problem that retirement used to be your last 5-10 years in life, now it's up to 20.
Living longer absolutely fucked a lot or retirement calculations. Making it to about 80 isn't that crazy anymore, pensions weren't prepared for that and 401Ks are likely less prepared. Living on 100% passive income from about 60 to death isn't realistic, and it's not just stolen value of labor, most financial planning wasn't focused on a 20+ year retirement.