Retirement crisis concerns are rising as fewer Americans have pensions and more workers depend on personal savings and volatile markets. In this episode, Tom Wheelwright talks with labor economist Teresa Ghilarducci about why retirement security is weakening and what individuals and employers can do about it.

Wheelwright and Ghilarducci explain how changes in pensions, Social Security expectations, and workplace benefits shifted retirement responsibility from institutions to individuals. They discuss the risks of relying solely on 401(k) plans, why many workers cannot save enough, and how public policy and employer decisions affect long-term financial stability.

You will learn:

• Why traditional retirement plans no longer work for many Americans
• The difference between pension income and market-based retirement savings
• What the “Gray New Deal” proposes for retirement security
• How entrepreneurs can improve employee financial stability
• How investors can better prepare for retirement risk

This topic matters now because inflation, longevity, and market uncertainty increase the pressure on retirement savings. Business owners and investors who understand the retirement system can protect themselves and build more stable financial futures.

Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com

00:00 – Introduction
07:35 – The Third Age: Why retirement?
14:25 – Root of our broken system.
18:52 – Evolution of 401k system.
24:23 – What is the better option?
30:22 – Teresa’s Gray New Deal.
33:58 – Prioritizing solutions for our elders.
37:00 – How to retire with enough money.
44:30 – Improving the lives of our employees.

Looking for more on Teresa Ghilarducci?
Website: https://teresaghilarducci.org/
Books: “Work, Retire, Repeat” ; “Rescuing Retirement” ; “How to Retire With Enough Money and How to Know What Enough Is”
Facebook: https://www.facebook.com/SCEPA
X / Twitter: https://x.com/tghilarducci
Blog: https://teresaghilarducci.org/blog
Email: ghilardt@newschool.edu

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