Working Longer continues to receive nationwide attention
Did you laugh when you heard that working longer could save your retirement plan? Did you scoff and decide that others could work past the retirement age of 62, but certainly not you? Be prepared, because the last laugh may not be yours; it seems the bandwagon is filling up as the media alerts Americans to the possibility that Brookings authors Munnell and Sass are spot on! Working longer could indeed be the solution to the retirement income challenge. Following coverage by the Wall Street Journal and The Economist, The New York Times has just reviewed the Brookings Institution Press book Working Longer.
Harry Hurt’s conclusion: this “thought-provoking” guide “tackles the issue of surviving one’s so-called golden years” but the ultimate decision to push the retirement age lies with Congress. Hurt does not seem hopeful stating that he has“learned to expect the worst”.