When I'm Sixty-Four
The Plot against Pensions and the Plan to Save Them
Princeton UP, 2008
Category:
Economics & Politics
Get the summary
Subscribe today and dramatically increase your business knowledge in your own time and at an affordable rate. Our summaries will update your skills, jump-start your career and put you ahead of the pack. Learn how to thrive in every aspect of your professional life.
getAbstract rating
| Overall |
|
(7)Importance |
|
Innovation |
|
Style |
|
(9)| Level of Expertise |
|
(1)In this summary you will learn
- Why retirement is under attack
- Why U.S. companies have substituted “defined contribution” pension plans for “defined benefit” plans
- How “Guaranteed Retirement Accounts” could ensure safe retirements for U.S. workers
Why you should read When I'm Sixty-Four
For many Americans, the dream of a safe, secure retirement has become a cruel joke. Elderly people without pensions find themselves trying to squeeze by on Social Security as they work part time for minimum wage serving hamburgers or greeting customers at discount stores. Some have money saved, but the overall U.S. savings rate is way down. For most workers, reliable pensions are becoming a thing of the past, just as costs are rising. Pension expert Teresa Ghilarducci explains that Social Security is under threat, even though many retirees have no other source of income. What is to be done? At this point, Ghilarducci stops analyzing and starts recommending. Americans need a bold, new government program offering “Guaranteed Retirement Accounts” (GRAs). She asserts that – given a burst of radical change – this idea can provide safe, secure incomes for U.S. elders. getAbstract finds that even though some readers might dispute her political conclusions and the fine points of her alternative plan, Ghilarducci cares passionately about retirement policy and provokes a meaningful conversation for those who hope for a dignified retirement.
About the author
Teresa Ghilarducci is director of the Schwartz Center for Economic Policy Analysis at The New School for Social Research. She is an expert on retirement reform.
If you wish to purchase 20 or more copies of this title (not the summary, but the actual book), please contact us at info@getAbstract.com. Make sure you include the title of the book and your phone number.
getAbstract makes it easy for you to access the summary of When I'm Sixty-Four any time or any place. Once registered, you can choose from a variety of download formats: PDF for your computer, BlackBerry, iPhone, Kindle, PDA or other handheld devices. You can even obtain the audio version of many of our summaries.
Subscribe today to gain access to this summary as well as many other compelling titles!