I worry about the Fed using up its ammunition.
More Quotes from Alicia Munnell:
Having a pension and Social Security combined with private savings allows most households to live as well after retirement as they did before. If you don't have a pension, you'll have to tighten your belt in retirement.Alicia Munnell
The implication is really clear. People need to have more saved than they did in the past.
Alicia Munnell
It looks like we're doing as well as we've always done. But in fact, the world has changed. And it's for four big, real obvious reasons.
Alicia Munnell
God knows what people will do if they're handed 60,000 at retirement.
Alicia Munnell
People will be scrambling at a time when they should be secure.
Alicia Munnell
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