
New Books in Finance
Teresa Ghilarducci, "Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy" (U Chicago Press, 2024)
Mar 30, 2024
Teresa Ghilarducci, a retirement expert, challenges the idea of working longer for retirement security. She advocates for a national plan financed by employers and employees, aiming to provide choices for retirement. The podcast covers the retirement crisis, social security changes, class disparities in retirement, and proactive financial security measures.
29:15
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Quick takeaways
- Teresa Ghilarducci advocates for a national retirement plan to replace the current system and offer choice on when to retire.
- The podcast discusses the need for policy changes to address age discrimination and enhance retirement benefits for older workers.
Deep dives
The Retirement Crisis: Insufficient Savings and Inequality
The podcast reflects on the current retirement crisis, highlighting the inadequate savings and growing income inequality affecting older workers. It discusses the challenges faced by individuals unable to retire due to financial constraints and diminishing job opportunities. With a focus on the increasing poverty rates among elders and the struggle of middle-class workers to maintain financial security in retirement, the episode emphasizes the pressing need to address these systemic issues.
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