The old way of thinking about and preparing for life beyond adulthood is no longer working…
Seventy-five percent of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts. The specter of downward mobility in retirement is a looming reality for both middle- and higher-income workers. Almost half of middle-class workers, 49 percent, will be poor or near poor in retirement, living on a food budget of about $5 a day
Twiddling the dials is not going to fix this. This is going to take some serious re-imagination and a whole lot of culture change.
Let’s start now.