The U.S. retirement system is a "disaster," but it can be fixed, New School professor Teresa Ghilarducci says.
Most middle-class workers were already headed for an impoverished retirement. Then came the coronavirus pandemic to speed up that gloomy tomorrow. So says economics professor and retirement security expert Teresa Ghilarducci in an interview with Treasury & Risk's sister publication ThinkAdvisor. In the interview, Ghilarducci discusses her new policy proposals to solve the acute retirement-security problem.
The labor economist, who teaches at The New School for Social Research, has long focused on the need to fix the U.S. retirement system, which she labels not only "broken" but "a disaster." She argues that the pandemic has hurt older Americans' retirement in big ways, especially that of laid-off workers who, for example, withdrew money from their retirement savings, fell into debt, or received Social Security benefits earlier.
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Jane Wollman Rusoff
Jane Wollman Rusoff is a ThinkAdvisor contributing editor specializing in interviews with thought leaders. She has written for ThinkAdvisor since its inception and was a contributing editor to Research magazine, a predecessor to ThinkAdvisor, starting in 1992.
Jane has received two AZBEE Awards from the American Society of Business Publication Editors. She has contributed articles to The New York Times, The Washington Post, the Los Angeles Times and Esquire, among numerous other publications.
Jane has written or co-authored five books, including three written with “Tonight” show creator Steve Allen. Jane was a staff editor with London Express Features and Billboard’s Merchandising Magazine. She has interviewed and profiled thousands of entertainment personalities, including Ray Charles, George Clooney, Angelina Jolie and Meryl Streep.
Jane is the founder of www.FamilyStarProductions.com.
