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Working longer: the solution to the retirement income challenge

Book Cover
Average Rating
Publisher:
Brookings Institution Press,
Pub. Date:
c2009.
Language:
English
Description

Daily headlines warn American workers that their retirement years may be far from golden. The main components of the retirement income systemSocial Security and employer-provided pensions and health insuranceare in decline while the amount of income needed for a comfortable retirement continues to rise.

In Working Longer, Alicia Munnell and Steven Sass suggest a simple solution to this problem: postponing retirement by two to four years. By following their advice, the average worker retiring in 2030 can be as well off as today's retirees. Implementing this solution on a national scale, however, may not be simple.

Working Longer investigates the prospects for moving the average retirement age from 63, the current figure, to 66. Munnell and Sass ask whether future generations will be healthy enough to work beyond the current retirement age and whether older men and women want to work. They examine companies' incentives to employ older works and ask what government can do to promote continued participation in the workforce. Finally, they consider the challenge of ensuring a secure retirement for low-wage workers and those who are unable to continue to work.

The retirement system faces very real challenges. But together, workers, employers, and the government can keep this vital piece of the American dream alive.

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ISBN:
9780815703112
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Grouping Information

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full_title working longer the solution to the retirement income challenge
author munnell alicia haydock
grouping_category book
lastUpdate 2016-12-14 05:07:27AM

Solr Details

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auth_author2 Sass, Steven A., 1949-
author Munnell, Alicia Haydock.
author-letter Munnell, Alicia Haydock.
author2 Sass, Steven A., 1949-
author2-role Sass, Steven A.,1949-
author_additional Alicia H. Munnell, Steven A. Sass.
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display_description "Investigates the prospects for moving the average retirement age to 66 from 63. Examines companies' incentives to employ older workers and what government can do to promote continued participation in the workforce. Considers the challenge of ensuring a secure retirement for low-wage workers and those unable to continue to work"--Provided by publisher.
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owning_library_arlington Arlington Public Library, Aurora Hills, Central, Cherrydale, Columbia Pike, Connection Crystal City, Detention Center, Glencarlyn, Local History, Plaza, Shirlington, Westover
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physical ix, 206 p. : ill. ; 23 cm.
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primary_isbn 9780815703112
publishDate 2009
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publisher Brookings Institution Press,
rating 2.5
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record_details ils:.b13200525|Book|Books|1st pbk. ed.|English|Brookings Institution Press,|c2009.|ix, 206 p. : ill. ; 23 cm.
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subject_facet Age and employment -- United States, Older people -- Employment -- United States, Retirement age -- United States, Retirement income -- United States
table_of_contents Acknowledgments --, Index., Introduction --, Notes --, References --, Rounding out the picture --, What can be done? --, Will employers want to employ older workers? --, Will older men want to work longer? --, Will older people be healthy enough to work longer? --, Will older women want to work longer? --
target_audience Adult
target_audience_full Adult
title Working longer : the solution to the retirement income challenge
title_alt Solution to the retirement income challenge.
title_display Working longer : the solution to the retirement income challenge
title_full Working longer : the solution to the retirement income challenge / Alicia H. Munnell, Steven A. Sass
title_short Working longer :
title_sort working longer the solution to the retirement income challenge
title_sub the solution to the retirement income challenge