Media Mentions

LA Times | ‘Work longer’ is no solution for people who can’t afford to retire

February 26, 2024

Most Americans do not have enough money to retire on. Forty-four percent of households with members ages 55-64 have no savings at all. The median retirement account balance is about $100,000; most middle-class people need $600,000. No wonder there are about 39 million workers 55 and older in the U.S. Workers 75 and older are the fastest-growing age segment of the workforce.

While some older workers are making good money, feathering their retirement nests and enjoying comfortable jobs — senators, corporate executives, lawyers — millions are stuck in low-paying, physically demanding and dangerous jobs at which they have little if any voice or power.

Read more.