We are thrilled to welcome Teresa Ghilarducci to the Living New Deal NYC branch’s Advisory Council. A labor economist and nationally-recognized expert in retirement security, Ghilarducci is the Bernard L. and Irene Schwartz Professor of Economics at the New School for Social Research. She is an ardent supporter of a Green New Deal—and also, a gray one.
In her recent keynote address at the annual meeting of the Association for Social Economics, Ghilarducci drew attention to what she called a “doomsday” for pensions. Without a Gray New Deal that allows seniors to receive pensions and retire in dignity, she predicts that almost half of middle-class workers over 50 will be poor or near-poor retirees by 2030. Get her take on the policy debate surrounding retirement present and future here.