Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy

Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy

By Teresa Ghilarducci

A damning portrait of the dire realities of retirement in the United States--and how we can fix it. While the French went on strike in 2023 to protest the increase in the national retirement age, workers in the United States have all but given up on the notion of dignified retirement for all. Instead, Americans--whose elders face the highest risk of poverty compared to workers in peer nations--are fed feel-good stories about Walmart clerks who can finally retire because a customer raised the necessary funds through a GoFundMe campaign.

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Book Information

Publisher: University of Chicago Press
Publish Date: 03/06/2024
Pages: 264
ISBN-13: 9780226831466
ISBN-10: 0226831469
Language: English

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March 05, 2024

March 5, 2024

By Porchlight

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A damning portrait of the dire realities of retirement in the United States--and how we can fix it.

While the French went on strike in 2023 to protest the increase in the national retirement age, workers in the United States have all but given up on the notion of dignified retirement for all. Instead, Americans--whose elders face the highest risk of poverty compared to workers in peer nations--are fed feel-good stories about Walmart clerks who can finally retire because a customer raised the necessary funds through a GoFundMe campaign.

Many argue that the solution to the financial straits of American retirement is simple: people need to just work longer. Yet this call to work longer is misleading in a multitude of ways, including its endangering of the health of workers and its discrimination against people who work in lower-wage occupations. In Work, Retire, Repeat, Teresa Ghilarducci tells the stories of elders locked into jobs--not because they love to work but because they must.

But this doesn't need to be the reality. Work, Retire, Repeat shows how relatively low-cost changes to how we finance and manage retirement will allow people to truly choose how they spend their golden years.

About the Author

Teresa Ghilarducci is the Irene and Bernard L. Schwartz Professor of Economics and Policy Analysis at the New School for Social Research, director of the Schwartz Center for Economic Policy Analysis, and director of the New School's Retirement Equity Lab.

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