In this MarketWatch video, Joseph Coughlin, director of the AgeLab, explains how investors can ensure they save enough for retirement. In addition to regularly putting aside money, Coughlin advises that millennials should also invest in core skills and professional development “so that they are able to stay in the workforce for as long as possible.”
Money reporter Penelope Wang writes about a new study by Prof. James Poterba that examined why Americans often did not have enough money saved for retirement. The researchers found that, “how much subjects had the first year their assets were measured showed the strongest determinant of the amount of the wealth they had at the end of life.”
In a New York Times op-ed, MIT lecturer Robert Pozen argues for allowing baby boomers to remain in the work force for longer periods of time. Pozen writes that keeping older Americans on the job “is crucial to maintaining economic growth, and it will help the boomers to preserve and increase their savings if longevity continues to rise.”