Listen

News 88.9 KNPR
Classical 89.7 KCNV
'Jazz'

member station

KNPR

The Retirement Crisis Comes Home To Nevada

money_tightrope.jpg

Gary Waters/Ikon Images/Getty Images

It’s believed by some economists that Nevadans and many people across the country face a retirement crisis.

Social Security is fragile and we’re not saving enough for retirement.

Then there are others who dismiss any idea of retirement crisis.

So, who is right? And how has the shift from defined benefit pensions to 401-K plans impacted the majority of workers and their retirement savings?

Michael Hiltzik, is a business columnist with the Los Angeles Times, who explored that topic in a recent column titlted "How severe is the retirement crisis? These six charts spell it out."

Those charts were part of an Economic Policy Institute report on The State of American Retirement.

Both Hiltzik and the report's author Monique Morrissey agreed that the shift away from pensions to 401(k)s has failed the majority of American workers and disproportionaltely harmed disavantaged groups.

 

Support comes from

Guests

Michael Hiltzik, business columnist, The Los Angeles Times

You won’t find a paywall here. Come as often as you like — we’re not counting. You’ve found a like-minded tribe that cherishes what a free press stands for.  If you can spend another couple of minutes making a pledge of as little as $5, you’ll feel like a superhero defending democracy for less than the cost of a month of Netflix.

More Stories

KNPR
KNPR's State of Nevada
KNPR
KNPR's State of Nevada
Jun 21, 2010

Hoover Dam

KNPR
KNPR's State of Nevada
Oct 08, 2010

Hoover Dam