Streams

Episode #119

How to Fix Our Broken Retirement System

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Friday, August 22, 2014

The retirement system in the United States is in shambles. Most people no longer have pensions. Many workers are not putting enough money into their 401ks and IRAs to build up enough retirement savings. And in today's society, Social Security payments cover very little of a retired person's costs. So, what's to be done? 

This week on Money Talking, Joe Nocera of The New York Times and Rana Foroohar of Time magazine rethink retirement and discuss possible solutions to the problems plaguing America's retirement system. This conversation is also available as a video from MetroFocus, the weekly news magazine from New York and New Jersey public television stations THIRTEEN, WLIW21 and NJTV. 

Hosted by:

Charlie Herman

Produced by:

Daniel P. Tucker

Contributors:

Rana Foroohar and Joe Nocera

Comments [1]

Katie from Somerville, NJ

Thanks for speaking about retirement funds and the difficulty of not having enough saved for retirement. It was mentioned that the funds are too readily available for withdrawal. However, if I had not been able to withdraw the funds since I've been unemployed or underemployed for most of the past 5 years, I don't know where I would be. I agree that we need to have funds set aside, but this economy is not back up to snuff. Anecdotally, a lot of people are underemployed - unable to pay their bills on their present job. These are difficult times for many and I venture to guess, for a lot more people than we realize.

Aug. 22 2014 08:05 AM

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