Teresa Ghilarducci

The age of eligibility for full Social Security benefits is currently 67, but the cash reserves behind it are expected to run out by 2034. Those arguing “yes” to raising the retirement age say people these days are living longer, and it will lead to more economic growth. Those arguing “no” say not everyone is able to work longer and it’ll make large benefit cuts. Now we debate: Should the Government Raise the Retirement Age? Arguing Yes: Marc Goldwein, Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget    Arguing No: Teresa Ghilarducci, Irene and Bernard L Schwartz Professor of Economics and Policy Analysis at The New School  Emmy award-winning journalist John Donvan moderates  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Teresa Ghilarducci, a New School economics professor and author of "Work, Retire, Repeat," discusses the complexities of retirement in America. She highlights systemic reforms needed to address retirement inequalities and critiques the idea of merely working longer for financial security. The conversation dives into the disparity of retirement experiences, especially during the pandemic, and the financial vulnerabilities faced by early retirees. Ghilarducci advocates for a more equitable pension system and innovative policies to support older workers and enhance retirement planning.

Professor Teresa Ghilarducci joins the podcast to argue against the 401(k), highlighting its inequities and misaligned incentives. She advocates for a new government-sponsored retirement savings account. The discussion also touches on the current stock market highs and the need for a more secure retirement approach for American workers.

Teresa Ghilarducci discusses retirement challenges, flaws in the American retirement system, and the Gray New Deal as a solution for retirement security. They delve into 401k failures, elder poverty rates in Japan, and the impact of the pandemic on work and retirement planning.

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.