Retirement 'American Style' Means Work and Poverty: Ghilarducci

What You Need To Know

• The influential economist, who has proposed replacing the 401(k) system, argued at a conference that the U.S. needs a Gray New Deal.
• The idea that working a few years longer can boost retirement security is largely a myth, she says.
• Poverty is higher in the U.S. and there is more stigma around leaving work than in other G7 countries, she says.