Teresa Ghilarducci

1 week ago | forbes.com | Teresa Ghilarducci

(Original Caption) High Officials Attend Funeral of William Woodin. Vice President John Nance ... More Garner, (left), and Jesse Jones, Chairman of the Reconstruction Finance Corporation, pictured leaving the Fifth Avenue Presbyterian Church, New York, after attending funeral services for William Woodin, for Secretary of the Treasury.

2 weeks ago | forbes.com | Teresa Ghilarducci

Senior woman helping senior man during class or seminargettyAnnuities are good for retirees, but America’s workers lost access to annuities over the past forty years. Congress, states, and employers attacked the unions that supported defined benefit plans which paid benefits for life. Today, only about half of the 63 million Americans nearing retirement (or retired), age 50 - 64, have retirement accounts.

3 weeks ago | forbes.com | Teresa Ghilarducci

In first 200 days into President Trump’s second administration, Social Security is under both overt and covert attack. Though there are no dramatic cuts to Social Security being proposed, don’t be fooled – doing nothing is doing something bad. Here’s what people are asking, and what they need to know. Q: What role does Social Security play in American seniors' retirement now? Social Security is the foundation of retirement income for a majority of older Americans.

1 month ago | forbes.com | Teresa Ghilarducci

At 100-day mark of Donald Trump’s second term, retirement security — already precarious for millions of Americans — is taking another serious blow. If you feel more anxious about your future today than you did three months ago, you’re not imagining it. Fear is rising, and it's not misplaced.

1 month ago | forbes.com | Teresa Ghilarducci

We economists think labor bargaining power tells most of the story. Alan Greenspan was obsessed with labor power. His enduring question at the Federal Reserve was whether the economy could lower interest rates, risk a little inflation, and still not see workers winning the kind of wage gains that would push prices even higher. Capitalists care deeply about worker power, too. If workers have it, they know they’ll have to share more of their profits.