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The Latest Breaking News from Teresa Ghilarducci

Ted Cruz Calls Trump Accounts a Path to Social Security Privatization—Economist Disagrees

Social Security privatization has been one of the most politically sensitive topics in Washington. Now, a new debate has emerged after Senator Ted Cruz described...

Saving Advice

'Outrageous': Senator Slams Elon Musk for Paying Same Social Security Tax as an 'Electrician'

US Senator Patty Murray has accused Elon Musk of paying the same Social Security tax as a $185,000‑a‑year electrician, reigniting a fierce debate over how America taxes its first trillionaire.

International Business Times UK

Could Americans Be Forced to Work Until 70? Social Security Funding Gap Fuels Retirement Debate

Germany's proposal to raise the retirement age to 70 has sparked a global debate, with implications for the US as it faces Social Security funding challenges.

International Business Times UK

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This 'retirement nerd' at the uber-liberal New School teamed with Trump’s economy guru to reinvent the 401(k)

Teresa Ghilarducci told Fortune that Trump is a “quirky, bold leader," but admits that if she was younger, she'd have "ideological, righteous concerns."

Fortune

Trump's universal 401(k) architect on why lower-income people distrust retirement accounts: 'they want to know what the catch is'

Teresa Ghilarducci, a professor of economics at The New School, has studied retirement security for 42 years.

Fortune

56M US Workers Could Benefit From Trump's New 401(k) Plan With $1K Annual Federal Matching

US President Donald Trump's proposed retirement plan aims to provide universal coverage and federal matching contributions for American workers left out of the system.

International Business Times UK

Trump announces new retirement plan at State of the Union

Americans who don't have 401(k)s would have access to a retirement plan similar to that available to federal workers.

Axios

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Labor Economist Says Elon Musk Paying Full Social Security Taxes For One Year Could Cut Deficit 5%—So I Asked ChatGPT What Would Really Happen

Nowadays, everyone's trying to get answers out of AI. Ask it to plan a vacation, write a press release, fix a résumé—it'll do all that. But what about when you ask economic questions?

Benzinga

26 Of The Best Reactions From The Internet On Bloomberg’s ‘Surviving Inflation’ Tips

Recently, one article got widely mocked on Twitter for sharing out-of-touch tips on dealing with inflation.

Bored Panda

Commentary: Older workers shouldn’t have to live in poverty

On Dec. 2, Gary Rasor, an 83-year-old worker at Home Depot, died from injuries he sustained after being violently pushed to the ground while on the job. Rasor had worked at the store as an “associate” for nine years, and celebrated his 83rd birthday in the hospital just days after…

Tribune News Service

Teresa Ghilarducci: Looking to buy a house? It's not the worst time

As the housing market heated up during the pandemic, many would-be homeowners found themselves unable to buy despite making multiple offers or waiving inspections. Now, rising mortgage rates and low inventory may have them feeling quite depressed. In May, consumer sentiment about home-buying reached an all-time low. And yet if…

Tribune News Service

Michael Hiltzik: Did the pandemic finally give working Americans power over their employers? Not really

Labor advocates have been feeling their oats lately, what with a surge of successful union organizing drives at Starbucks stores, the hint of union interest at Amazon warehouses, higher minimum wage standards in cities and states across the country, and a nudge up of average wages across the board.

Los Angeles Times

Bloomberg op-ed slammed for telling earners making less than $300k how to spend less

Author suggests swapping steaks for lentils to save money amid rising inflation

The Independent UK

Michael Hiltzik: Millions of Americans are fixated on stock prices. They shouldn't pay such close attention

Following the Dow, are you?

Los Angeles Times

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