Tomorrow night (March 7), RLTV will broadcast a special report exploring the changing nature of retirement in the US, in particular the impact of the current economic climate on existing and future retirees’ plans.
The show, “Fix America: The Future of Retirement – A Face the Facts USA Special,” will explore how the decline of traditional corporate pension plans, the rise of 401K plans, and the fallout from the economic downturn are changing the way Americans plan for retirement. It will air at 8 p.m. and 11 p.m. EST.
Are Americans well served by today’s retirement funding options? Should the 401K be reformed or replaced? Can people 50+ count on government programs like Social Security and Medicare remaining largely unaltered in the coming years? And how much do they need to save for a secure retirement?
The show will feature real-life stories and interviews with boomers nearing retirement age, who are in a range of financial situations. Frank Sesno, director of The George Washington University’s School of Media and Public Affairs and Face the Facts USA Co-founder, will also moderates a discussion featuring a panel of expert economists, personal finance and retirement experts.
“The fact is that many boomers and seniors are not financially prepared for retirement,” Sesno said in a press release.
Fix America: The Future of Retirement, A Face the Facts USA Special is part of a series of town halls and panel discussions produced in partnership with Face the Facts USA, a new nonpartisan, multi-platform content hub and civic engagement initiative dedicated to elevating the tone of national debate with provocative facts. It is based at The George Washington University’s School of Media and Public Affairs in Washington, D.C.
Juhyung Kim says
Mr. Peterson, I’m a student in AGNG 200 at Erickson School of Aging, This is really good information for me to watch out because I was always worried about the decreasing national pension and increasing elderly. I haven’t watched the report, so I do not know what was the result, or any specific information, but it is good to know that something is going on to prevent the problem with the national pension. I know that with decreasing pension, the elderly trying not to retire is increasing, and due to that, competition between the elderly and young people in the job is increasing. I thought this is very big problem. But in many other countries, the actual birth rate is decreasing, which is another big problem. I guess that the people really did have lots of birth before the boomer’s generation. It is great to hear something is going on to prevent that. I thought the possible competition will also affect me, and would be hard for me to find a job.
Thank you for the article.