To the Point

American Workers and the Retirement Squeeze

For the first time since the New Deal, retiring Americans will be worse off than their parents, and it's not just because of the Great Recession. Guaranteed pensions have been replaced by 401(k)'s -- but they make more for the financial industry than they do for retirees.

By Warren Olney • May 12, 2014 • 1 min read

For the first time since the New Deal, retiring Americans will be worse off than their parents, and it's not just because of the Great Recession. Guaranteed pensions have been replaced by 401(k)'s -- but they make more for the financial industry than they do for retirees. There's a growing consensus that more than half American workers over 30 will be unprepared for retirement. Can popular personal financial advisers help? Are wage earners at fault for spending instead of investing or are they just not making enough money?

Warren Olney
former KCRW broadcaster
Katie Cooper
Producer, 'One year Later'
Kerry Cavanaugh
editorial writer at the Los Angeles Times
Caitlin Shamberg
KCRW
Helaine Olen
reporter-in-residence at the Omidyar Network
Teresa Ghilarducci
New School for Social Research
David C. John
Heritage Foundation

News

National

Politics

To the Point

American Workers and the Retirement Squeeze

For the first time since the New Deal, retiring Americans will be worse off than their parents, and it's not just because of the Great Recession. Guaranteed pensions have been replaced by 401(k)'s -- but they make more for the financial industry than they do for retirees.

Share

To the Point

American Workers and the Retirement Squeeze

For the first time since the New Deal, retiring Americans will be worse off than their parents, and it's not just because of the Great Recession. Guaranteed pensions have been replaced by 401(k)'s -- but they make more for the financial industry than they do for retirees.

Share