Teresa Ghilarducci – författare

A damning portrait of the dire realities of retirement in the United States—and how we can fix it.While the French went on strike in 2023 to protest the increase in the national retirement age, workers in the United States have all but given up on the notion of dignified retirement for all. Instead, Americans—whose elders face the highest risk of poverty compared to workers in peer nations—are fed feel-good stories about Walmart clerks who can finally retire because a customer raised the necessary funds through a GoFundMe campaign.Many argue that the solution to the financial straits of American retirement is simple: people need to just work longer. Yet this call to work longer is misleading in a multitude of ways, including its endangering of the health of workers and its discrimination against people who work in lower-wage occupations. In Work, Retire, Repeat, Teresa Ghilarducci tells the stories of elders locked into jobs—not because they love to work but because they must.But this doesn’t need to be the reality. Work, Retire, Repeat shows how relatively low-cost changes to how we finance and manage retirement will allow people to truly choose how they spend their golden years.

A damning portrait of the dire realities of retirement in the United States—and how we can fix it.While the French went on strike in 2023 to protest the increase in the national retirement age, workers in the United States have all but given up on the notion of dignified retirement for all. Instead, Americans—whose elders face the highest risk of poverty compared to workers in peer nations—are fed feel-good stories about Walmart clerks who can finally retire because a customer raised the necessary funds through a GoFundMe campaign.Many argue that the solution to the financial straits of American retirement is simple: people need to just work longer. Yet this call to work longer is misleading in a multitude of ways, including its endangering of the health of workers and its discrimination against people who work in lower-wage occupations. In Work, Retire, Repeat, Teresa Ghilarducci tells the stories of elders locked into jobs—not because they love to work but because they must.But this doesn’t need to be the reality. Work, Retire, Repeat shows how relatively low-cost changes to how we finance and manage retirement will allow people to truly choose how they spend their golden years.

Everyone deserves to be able to retire with dignity, but this core feature of the social contract is in jeopardy. Companies have swerved away from pensions, and most of the workforce has woefully inadequate retirement savings. If we don't act to fix this broken system, rates of impoverishment for senior citizens threaten to skyrocket, and tens of millions of Americans reaching retirement age in the coming decades will be forced to delay retirement and will experience a dramatic drop in their standard of living. In Rescuing Retirement, Teresa Ghilarducci and Tony James offer a comprehensive yet simple plan to help workers save for retirement, increase retirement savings by earning higher returns, and guarantee lifelong income for everyone. Built on people's own money in individual Guaranteed Retirement Accounts, the plan requires no new taxes, no more bureaucracy, and no increase in the deficit.Speaking to Americans' growing anxiety about their ability to retire, Rescuing Retirement provides answers to anyone wanting to understand the growing movement to protect a period of life once considered a deserved time of rest and creativity and offers a practical guide to the future of secure retirement.

Everyone deserves to be able to retire with dignity, but this core feature of the social contract is in jeopardy. Companies have swerved away from pensions, and most of the workforce has woefully inadequate retirement savings. If we don’t act to fix this broken system, rates of impoverishment for senior citizens threaten to skyrocket, and tens of millions of Americans reaching retirement age in the coming decades will be forced to delay retirement and will experience a dramatic drop in their standard of living.In Rescuing Retirement, Teresa Ghilarducci and Tony James offer a comprehensive yet simple plan to help workers save for retirement, increase retirement savings by earning higher returns, and guarantee lifelong income for everyone. Built on people’s own money in individual Guaranteed Retirement Accounts, the plan requires no new taxes, no more bureaucracy, and no increase in the deficit. Speaking to Americans’ growing anxiety about their ability to retire, Rescuing Retirement provides answers to anyone wanting to understand the growing movement to protect a period of life once considered a deserved time of rest and creativity and offers a practical guide to the future of secure retirement.

With the aid of her Economics of Aging class, Teresa Ghilarducci has compiled this comprehensive sourcebook as a guide for politicians, economists, journalists, students, and ordinary Americans through the maze of Social Security and the economics of growing old in America.What You Need to Know About the Economics of Growing Old (But Were Afraid to Ask)is divided into five sections. The first section addresses the status of the elderly and explores such issues as the average life expectancy and the number of elderly living in poverty. The second deals with the structure of the Social Security system and its disbursements of benefits. The third traces the economic path to old age. The fourth considers changing social norms, including the increase in the number of women in the workforce. The final section looks at what happens when the elderly work for pay.This book will be valuable from the classroom to the halls of Congress. Simply put, it contains information everyone should know.

"While demographic forces make it inevitable that social institutions that encouraged workers to retire in their early sixties must change, this book shows that how we make these changes will have substantial implications for the risk of poverty and the general level of economic well-being of older populations. Its theme is that policy changes that encourage those able to work at older ages to do so must not come at the expense of our current system's protection of those less able to work. This is an important book for those interested in understanding how recent changes in the United States retirement system are impacting the employment and economic well-being of older workers." —Richard V. Burkhauser, Sarah Gibson Blanding Professor of Policy Analysis and Management, Cornell University"The editors have done an excellent job of compiling some very valuable and interesting papers on working longer. With improvements in health and life expectancy, the decreasing physical requirements of work, and our financing shortfalls, the options of working longer, phased retirement, and more flexibility for retirement ages in retirement plans can be winners. In particular, I found the Introduction's synopsis of the papers by itself worth the price of the book." —Ron Gebhardtsbauer, American Academy of Actuaries While mandatory retirement has been eliminated in the United States, a myriad of policies and practices surround pensions, social security, tax law, labor contracts, and health benefits, all of which may have an impact on an older worker's decision to work or retire and an employer's decision to retain and train an older worker. In Work Options for Older Americans, Teresa Ghilarducci and John Turner assemble a critically important volume that systematically addresses many of the issues considered on a daily basis by employees and employers. Work Options for Older Americans brings together discussion of these issues by well-known economists and scholars in other fields, from the Government Accountability Office, the AARP Public Policy Institute, the U.S. Department of Labor, and academia. The book contains eleven articles, along with commentary, that deal with issues of employment opportunity and constraints for older persons, pension types and coverage, retirement choices, and public policies that promote or hinder either retirement or employment of the elderly. Contributors present effective ways to prepare for this unprecedented growth in the number of older workers. In the introduction, Teresa Ghilarducci and John Turner identify how the labor market changes dramatically as workers age and how these changes affect the ongoing bargaining between employers and workers. The question is, are the options that workers want the same as those that employers offer?

A crisis is looming for baby boomers and anyone else who hopes to retire in the coming years. In When I'm Sixty-Four, Teresa Ghilarducci, the nation's leading authority on the economics of retirement, explains how to confront this crisis head-on, revealing the causes behind the increasingly precarious economics of old age in America and proposing a bold plan to guarantee retirement security for every working citizen. Retirement is one of the hallmarks of a prosperous, civilized market economy. Yet in America today Social Security is on the ropes. Government and employers are dismantling pension security, forcing older people to work longer. The federal government spends billions in exemptions for 401(k)s and other voluntary retirement accounts, yet retirement savings for most workers is falling. Ghilarducci takes an unflinching look at the eroding economic structure of retirement in America--and what she finds is alarming. She exposes the failures of pension regulators and the false hopes of privatized Social Security.She tells the ugly truth about risky 401(k) plans, do-it-yourself retirement schemes, and companies like Enron that have left employees without any retirement savings. Ghilarducci puts forward a sweeping plan to revive the retirement-income system, a plan that will ensure that, after forty years of work, every American will receive 70 percent of their preretirement earnings, guaranteed for life. No other book makes such a persuasive case for overhauling the pension and Social Security system in order to provide older Americans with the financial stability they have earned and deserve.

Designing pension plans to cover workers and provide the necessary retirement funds for them is one of the critical issues of the turn of the century. Written by four experts in the field of pension funds, this work examines the possibilities for pension reform based on a detailed understanding of a successful system, the union pension fund of the Operating Engineers. This type of plan is managed by workers and management trustees, covering workers that do not have secure and predictable jobs. The authors demonstrate just how this pension fund can provide a useful blueprint for executives, pension fund managers, industrial relations professionals, and public policy decision makers.