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.