Retirement for most Americans a delusion

With average life expectancy in the U.S. peaking at 78.1, it means that the typical American will have to work for an additional 2 years after death to pay for not having any retirement savings! Excerpts from a Bloomberg article: “Eighty is the new 65,” Joseph Ready, executive vice president of Wells Fargo Institutional Retirement […]

The retirement age is too high

It’s dangerous conventional wisdom the idea that with an older population, people must work longer and retire with less. This idea is being used to rationalize cuts in old-age benefits in numerous advanced countries. Raising the retirement age cuts benefits for those who can’t wait to retire, and who often won’t live long. “We” are […]