Media Mentions

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

March 15, 2024

Ghilarducci argues that working longer is not the solution to America’s retirement crisis, in which millions of people don’t have enough money for a comfortable old age. The most important fix, she says, is to shore up Social Security and complement it with a new automatic-enrollment pension plan for workers who lack access to an employer-sponsored retirement plan. Low- and moderate-income workers would get matching contributions from the government. (People could opt out of contributing, but then they wouldn’t get the match.)


The book is “Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy.” Ghilarducci is a professor of economics and policy analysis at the New School for Social Research in New York. She frequently testifies before Congress on retirement insecurity. The book sums up decades of research in a fiery style. “Yes, Granny deserves a good job if she wants one,” she writes, “but working until you drop is not a civilized plan for a civilized society.”

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