Addressing Retirement Anxiety

A just published article in the Harvard Gazette touches on many of the concerns brought up by HD posters and commenters in recent months. It consists of an interview with John Y. Campbell, an economics professor and co-author, with Tarun Ramadorai, of a new book: Fixed: Why Personal Finance is Broken and How to Make it Work for Everyone. The article treats why it is currently so hard to save for retirement, how the complexity of the financial system fosters inequality, the psychology of saving for retirement, the debilitating suspicion many harbor toward the financial system, a proposal for a financial “starter kit” to demystify investing for retirement, and some practical ways to assess one’s preparation for financial security in retirement. Here is a link to the article.

Not much will be new here for frequent HD readers, but the information is based on solid research by top scholars.