Alicia Munnell
Alicia Munnell
Alicia Haydock Munnellis an American economist who is the Peter F. Drucker Professor of Management Sciences at Boston College's Carroll School of Management. Educated at Wellesley College, Boston University, and Harvard University, Munnell spent 20 years as an economist at the Federal Reserve Bank of Boston, where she researched wealth, savings, and retirement among American workers. She served in the Bill Clinton administration as Assistant Secretary of the Treasury for Economic Policy and as a member of the Council of...
adequate arrive good none people retirement
Most people are going to arrive at retirement and not have adequate money. This is serious. None of us are good at doing our own retirement savings.
four looks obvious
It looks like we're doing as well as we've always done. But in fact, the world has changed. And it's for four big, real obvious reasons.
aging employers population tight
The aging of the population may put employers in a tight situation.
god handed knows people
God knows what people will do if they're handed $60,000 at retirement.
enjoying everybody growth net nobody retirement support terms terrible themselves
Everybody is having a terrible time. Nobody is enjoying much in terms of growth in net worth. No one has enough to support themselves in retirement for 20 years.
fed using worry
I worry about the Fed using up its ammunition.
attract change employers employment future group growing highly hiring increased longer natural older policies productive rapidly rely retention seems workers younger
They will no longer be able to rely on a rapidly growing group of younger workers in the future. Increased employment of older workers seems like a natural solution, but employers will have to change their hiring and retention policies if they want to attract these highly productive older individuals.
coming downward pension trajectory
We're on a downward trajectory here. The traditional pension is not coming back.
public reckoning
With public employees, the day of reckoning is more in the distance.