Insights Blog

Older workers have not been able to save adequately for retirement.

Economist Willi Semmler, director of SCEPA’s Economics of Climate Change project, gave a presentation in Sorbonne, Paris, as part of the Financial Regulation Lab (LabEx ReFi).  

ReLab's new report, "40% of Older Workers and Their Spouses Will Experience Downward Mobility in Retirement," finds that inadequate retirement accounts will cause 8.5 million middle-class older workers and their spouses to be downwardly mobile in retirement, falling into poverty or near poverty in their old age.

President Trump‘s record-long State of the Union address offered two short points relevant to ordinary people‘s finances, including retirement accounts and after-tax income.

SCEPA Director and economist Teresa Ghilarducci and Blackstone President Hamilton “Tony” James published the second edition of their co-authored book, Rescuing Retirement: A Plan to Guarantee Retirement Security for All Americans, from Colombia University Press.

For a woman, being an economist in academia is not unlike any other workplace.

About SCEPA

SCEPA works to focus the public economics debate on the role government can and should play in the real productive economy - that of business, management, and labor - to raise living standards, create economic security, and attain full employment.