Features
- Cover Type: Hard Cover with 384 pages
- Published by: Princeton University Press April 28, 2008
- Written in: English
- ISBN 10 Number: 0691114315
- ISBN 13 Number: 978-0691114316
-
Book Dimensions:
9.3 x 6.1 x 1.2 inches
- Weighs: 1.4 pounds
Product Review
PassionateIn [Ghilarducci's] plan, the funds would not be managed by Wall Street but sent to Washington, where the federal government would guarantee a minimum return of 3 percent a yearThe conception behind Ghilarducci's dramatic proposals makes sense. If Americans cannot, without heavy sacrifice, save enough themselves to ensure adequate retirement, perhaps government, backed with subsidies should, as she suggests, make them save.
(
Jeff Madrick New York Review of Books )
Teresa Ghilarducci's
When I'm Sixty-Four is quite simply the best thing yet written on the retirement crisis facing baby boomers and the greater fragility of our retirement system. Far from defeatist, she proposes an ingenious national plan that will instantly become the reform against which all others must measure up. In clear prose, Teresa Ghilarducci cuts to the essence of an often bewildering subject that affects every American.
(
Robert Kuttner American Prospect )
Teresa Ghilarducci isn't one for conventional wisdom. In
When I'm Sixty-Four [she] argues that a rich nation ought to be able to ensure a secure old age. And she has a radical proposal for making that happen.
(
Pat Regnier Money Magazine )
What's the difference between saving for retirement, on the one hand, and plain old saving, on the other? Teresa Ghilarducci, an economist at the New School, has a provocative book . . . which forces us to ask that question very seriously.
(
Felix Salmon Portfolio.com )
What I like about Ghilarducci's proposal is its boldness--the idea that it is better to create a new model than to keep retrofitting a system that presents unacceptable risk to so many workers.
(
Martha M. Hamilton Washington Post )
Product Review
This is an insightful book on an important topic. Policymakers know that the baby boomers are facing a precarious retirement future. But most baby boomers do not appear to be concerned. Ghilarducci's analysis is a warning call designed to shake up the complacency. She proposes a bold plan to shore up the eroding economic foundations of retirement in America.
(
Laura D'Andrea Tyson, University of California, Berkeley )
Reader Reviews
The author is a smart person and the book has been researched, but the conclusions are straight out a freshman sociology class at UC Berkeley - everybody gets the same reward, no matter how much they earn or contribute. The "rich" (read middle class) get too much and we need to take it away, give it to the poor, and by the way we need to pay ourselves to supervise the transfer of funds. The idea that 401(k) programs are a regressive tax system is absurd. Ditto for mourning the decline of labor unions, ditto for the idea the federal government needs to step in to manage retirement programs - presumably with the same effect as they have done with Social Security? Saints preserve us! What percent of your income is already absorbed by the federal government to be redistributed to those who enjoy government charity at the expense of the productive? Want to increase that percentage? If you are a radical liberal socialist, or you love big federal programs with lots of administrative employees, or you make a nice fat paycheck at a "policy research institute" you will love this book.
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