The Future of Retirement

Hour 1

A new poll published in the National Journal found that Americans over 50, when compared to today's retirees, are more stressed about their current financial circumstances and expect that they will have to work five years longer than those already retired.  Recent Federal Reserve data confirms their concerns — the typical retirement-age household has too little saved to maintain its standard of living once income from work comes to an end.   Fueling their worries is the toll the financial meltdown took on private retirement savings, corporate and government pension plans, and housing values which many counted on for future income. Social Security and Medicare are also underfunded, so it’s no wonder people preparing to leave the workforce are anxious. In this hour of Radio Times we talk about the future of retirement with The National Journal's RON BROWNSTEIN and Wharton professor OLIVIA MITCHELL.

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