Image Credit: shutterstock

Image Credit: shutterstock

Economics, Entitlements

Responding to Teresa Ghilarducci on the retirement crisis

In Tuesday’s Wall Street Journal, we cited several studies that undercut the narrative that Americans face a “retirement crisis.” Writing in the Huffington Post, Theresa Ghilarducci of the New School for Social Research takes issue with our arguments. Here we’ll summarize her arguments and then respond. read more >

Image Credit: shutterstock.com
Economics, U.S. Economy

Your retirement crisis, in 2 charts

In today’s Wall Street Journal, Syl Schieber and I return to the question of whether Americans face a “retirement crisis,” as many articles and organizations have claimed. The first chart is from the OECD and compares the income of retirees in a given country to the average income in that country. This isn’t a “replacement rate” as generally understood in the US, but it does show the relative well-being of workers and retirees. read more >