Arthur Bilger
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- Milken Institute1h 1m
Is Retirement Extinct?
Paul Irving, Arthur Bilger, Teresa Ghilarducci, Kathleen Kennedy Townsend, Penny Pennington, Rick McGee, Linnea McCart, Katherine Collinson
The "Retirement is Extinct" panel examined the widening wealth and health disparities that undermine traditional retirement, highlighting how automation and student debt threaten middle-class security while leaving 60 million Americans without employer-sponsored plans. Experts including Penny P. Peddington, Kathleen Kennedy Townsend, and Teresa Ghilarducci argued for redefining retirement as a period of purpose rather than disengagement and proposed structural solutions such as a Guaranteed Retirement Account and expanded automatic enrollment legislation. The discussion concluded that overcoming these challenges requires shifting political messaging toward "peace of mind," integrating lifelong reskilling, and unlocking patient capital to ensure dignified longevity for all income tiers.