Reported 4 months ago
Despite increased financial literacy, Professor Teresa Ghilarducci argues that American workers are financially worse off in retirement compared to previous generations, attributing this issue to a flawed system. While financial literacy has improved, the structure of retirement savings doesn't align with the current workforce, leading to challenges in retirement planning. Ghilarducci emphasizes the importance of reform and the disparities between those with access to well-structured retirement plans and those who are left behind, highlighting the impact of luck and system design on retirement outcomes.
Source: YAHOO