Insights Blog

In the ever-evolving U.S. labor market landscape, the plight of older workers often remains overlooked.

"Never ever ever will Social Security be eliminated", SCEPA Director Teresa Ghilarducci told Yahoo Finance recently, "the political and economic case for the program have never been stronger".

Teresa Ghilarducci’s article in Forbes titled, American’s Retirement Savings Fall Short by Nearly $500,000 discusses the shortcomings of the American retirement system and emphasizes the urgent need for reform in the U.S. retirement system to better serve its workers and elders.

The slow return to normalcy after the Covid-19 pandemic has brought back a perennial risk to older workers’ wellbeing: financial fragility.

Brief— SCEPA's research finds nearly 1.5 million low-income older workers would benefit from an expansion of the popular Earned Income Tax Credit (EITC) program. The report—released by our Retirement Equity Lab (ReLab)—finds without expanding the EITC, the program actually lowers wages among non-educated workers, especially those over 55.

Research Note— New research shows that even before the COVID-19 recession, 55.3 percent of workers age 55 and up in the bottom half of the income distribution were forced to leave the workforce and 32.4 percent in the next 40% of the income distribution – the middle class – were forced out of work in old age.

(This article initially appeared in a Forbes column authored by SCEPA Director Teresa Ghilarducci)