Rescuing Retirement
Rescuing Retirement is a solution to one of America’s biggest challenges—and offers a path to financial security for millions of retirees. It offers a comprehensive yet simple plan that requires no new taxes, no more bureaucracy, and no increase in the deficit. This book provides answers to anyone wanting to understand the growing movement to protect a period of life once considered a deserved time of rest and creativity and offers a practical guide to the future of secure retirement.
Praise for Rescuing Retirement
"Rescuing Retirement presents a thoughtful and compelling view of how the current retirement system is failing our people―and offers a thought-provoking, pragmatic approach to substantially enhancing retirement security for every American."
— Robert Rubin, Seventieth U.S. Treasury Secretary
"Ghilarducci and James aim to eliminate the retirement savings gap for those earning under $100,000 through affordable, low-fee, mandatory accounts with automatic annuitization. The pairing of an expert retirement economist and a financial hotshot has produced an innovative approach to this critical policy challenge. We need every idea we can get!"
— Alicia Munnell, Director, Center for Retirement Research, Boston College
"In the face of a daunting national crisis, Tony James and Teresa Ghilarducci have proposed a practical bipartisan solution that deserves the attention of business leaders, policymakers, and legislators."
— Jim Sinegal, Co-Founder and former CEO of Costco
"Retiring with dignity shouldn’t be out of reach for so many Americans. Tony James and Teresa Ghilarducci’s plan is a bold and innovative fix to our broken retirement system."
— Chris Nassetta, President and CEO of Hilton Worldwide
"Rescuing Retirement is an explicit call to action aimed directly at those with the greatest stake in the problem―the millions of workers, employers, and policymakers whose lives will be affected by the actions (or inaction) of today’s stakeholders."
— Stephanie Kelton, Stony Brook University
"All workers should have the same retirement security and peace of mind that teachers, police officers, firefighters, and other public employees have earned and have fought hard to maintain. Ghilarducci and James's plan for universal, prefunded, secure-for-life pensions―supplements to Social security―is a great exemplar of how to achieve a secure retirement."
— Randi Weingarten, President of American Federation of Teachers