Retirement Insecurity: Can We Meet the Generational and Global Challenges?

The retirement crisis is here. Today in the U. S. – and every day for the next two decades–10,000 baby boomers will reach age 65, and most will be poorly prepared for retirement. Meanwhile, retirement prospects for their children and grandchildren are growing dimmer. Pensions continue to disappear, while financial market volatility and low interest rates wreak havoc on 401(k) plans. And, the lingering economic downturn is delaying the careers of younger workers, which harms their ability to save for retirement. The U.S. is not alone in confronting this crisis. For the first time in history, the world soon will be home to more people over fifty than under seventeen. Policymakers across the globe are coping with the economic impacts of aging and struggling to modernize their retirement infrastructure. What are the pragmatic policy solutions to mitigate both the immediate and long term retirement crises? What is the global outlook? What lessons and solutions from other nations can we bring to bear in the U.S.?