The fix: Work longer for retirement security
Media outlets from the New York Times to PBS’s Frontline to The Economist are talking about the new book coauthored by Alicia H. Munnell, Peter F. Drucker Professor of Management Sciences and the director of Boston College’s Center for Retirement Research (CRR), and Steven Sass, CRR associate director for research. Working Longer: The Solution to the Retirement Income Challenge (Brookings, 2008) proposes that most people should be able to secure a reasonably comfortable retirement by remaining in the workplace until their mid-60s or beyond. Given the current average retirement age of 63, the authors also address the roles individuals, employers, and the government will need to play in implementing a shift in workers’ thinking about retirement. Read a serialization from their book in Boston College Magazine. In the past week Munnell has also talked with numerous media outlets about various aspects of the economy and retirement savings. Listen to her interview with NPR’s On Point and read the comments she offered the New York Times, USA Today, and the Wall Street Journal.