“Is this what America’s retirement system has come to?” she asks.
“Are we heading for a TikTok pension system?”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.
I’ve been arguing that working longer kind of is the solution for the retirement crisis, or at least part of the solution.
“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.”
Persons:
Teresa Ghilarducci, —, Ghilarducci, I’ve, I’m, Granny, ”
Organizations:
Walmart, Social Security, New School for Social Research
Locations:
New, New York