"We live in a culture where it's just delicious to shame and blame. We have what I call sometimes a "smugtocracy.""
About Teresa Ghilarducci
Teresa Ghilarducci — Life and Legacy
Teresa Ghilarducci is a prominent economist recognized for her influential work on retirement security and economic justice. Her advocacy centers on the urgent need for reforms in pension systems to address the growing retirement crisis faced by many Americans. Ghilarducci's core thinking revolves around the idea that financial security in retirement is a fundamental right. She argues that the current pension landscape is inadequate, often leaving workers vulnerable. Her assertion that 'retirement should not be a gamble' reflects her belief in the necessity of a stable, universal pension system that guarantees income for all retirees. This perspective challenges the prevailing reliance on individual savings and market performance, advocating instead for collective responsibility in ensuring economic security. The relevance of Ghilarducci's work is evident today as discussions about economic inequality and retirement policies gain prominence. Her insights not only highlight the systemic flaws in current practices but also inspire a movement towards more equitable solutions that prioritize the well-being of all citizens.
Quote collection
Teresa Ghilarducci quotes
5 quotes — follow a thought to its full quote page.
"Over half of people who are working now and over 50 have nothing for retirement savings. They will only have Social Security to rely on."
"My research shows that uncertainty about your income at older ages causes more depression, causes more anxiety, which could lead to more chronic heart failure, heart disease, does actually mean shorter lifespans."
"We're finding that very well-educated people, people who have done everything right, are behind, really behind. And they are hoping they can stay in the labor market, but a word that's used in other countries that isn't used here is very apt here."
"And our conception that the way we can mitigate the fact that people don't have retirement savings can be more work, or working longer, or just sort of staying in the game for longer is really a false hope. And it's a false promise."