In part two of the Fox Business two-part series "Nationwide Retirement Crisis," PBGC Director Josh Gotbaum says millions of Americans have no retirement savings, calling the issue a national crisis.
In his interview, Gotbaum addressed issues concerning the existing retirement system, including:
- The existing retirement system is not covering most people,
- It doesn't lead to enough saving,
- And it doesn't lead to lifetime income.
People are living longer, healthier lives, which means retirement will cost more.
Watch the complete video interview on the Fox Business website.