Explore popular quotes and sayings by an American academic Teresa Ghilarducci.
Last updated on December 21, 2024.
Teresa Ghilarducci is an American scholar on labor and retirement issues. She has advocated for government to extend occupational retirement plan coverage to all workers. She published Rescuing Retirement in 2018; the book makes the case for a Guaranteed Retirement Account that would supplement Social Security. In 2016 she wrote a popular book, How to Retire with Enough Money: And How to Know What Enough Is. One of her most recent books, When I’m Sixty Four: The Plot Against Pensions and the Plan to Save Them, investigates the loss of pensions on older Americans and proposes a comprehensive system of reform. Her previous books include Labor's Capital: The Economics and Politics of Employer Pensions, winner of an Association of American Publishers award in 1992, and Portable Pension Plans for Casual Labor Markets, published in 1995. Ghilarducci is an executive board member of the Economic Policy Institute, a member of the Retirement Security Advisory Board for the Government Accountability Office, court appointed trustees for the retiree health care trusts for UAW retirees of GM, Ford, and Chrysler and the USW retirees of Goodyear Tire. Ghilarducci won an Association of American Publishers award for her book Labor's Capital: The Economics and Politics of Employer Pensions in 1992. She previously taught economics for 25 years at the University of Notre Dame.
We live in a culture where it's just delicious to shame and blame. We have what I call sometimes a "smugtocracy."
And our conception that the way we can mitigate the fact that people don't have retirement savings can be more work, or working longer, or just sort of staying in the game for longer is really a false hope. And it's a false promise.
We're finding that very well-educated people, people who have done everything right, are behind, really behind. And they are hoping they can stay in the labor market, but a word that's used in other countries that isn't used here is very apt here.
My research shows that uncertainty about your income at older ages causes more depression, causes more anxiety, which could lead to more chronic heart failure, heart disease, does actually mean shorter lifespans.
Over half of people who are working now and over 50 have nothing for retirement savings. They will only have Social Security to rely on.