Gotbaum Dissects the National Retirement Crisis | Pension Benefit Guaranty Corporation Skip to main content Skip to header menu Skip to navigation menu Skip to search

You are here

Retirement matters Blog

Gotbaum Dissects the National Retirement Crisis

Tuesday May 27, 2014

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:

  1. The existing retirement system is not covering most people,
  2. It doesn't lead to enough saving,
  3. And it doesn't lead to lifetime income.

People are living longer, healthier lives, which means retirement will cost more.