Falling Short: The Coming Retirement Crisis and What to Do About It
by Charles D. Ellis, Alicia H. Munnell, Andrew D. Eschtruth
In Falling Short, experts Charles D. Ellis, Alicia H. Munnell, and Andrew D. Eschtruth warn of the impending retirement crisis where many Americans lack sufficient savings for post-work life. They detail the causes, from low savings to pension changes, and propose actionable solutions for individuals, employers, and policymakers to build a more secure future.
About This Book
Falling Short explores the growing retirement crisis in the United States, highlighting how current savings trends are insufficient for most workers to maintain their standard of living after retirement.
The authors analyze key factors contributing to this shortfall, including inadequate savings rates, longer life expectancies, and the shift from defined benefit pensions to defined contribution plans.
Drawing on economic data and policy insights, the book provides a clear assessment of the problem's scale and its implications for individuals and society.
Practical recommendations are offered to help policymakers, employers, and individuals take action to strengthen retirement security.
By addressing these issues head-on, the book aims to foster better preparation for the challenges ahead.
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