8 O'Clock Buzz

Wisconsin’s Retirement Crisis


Listen Later

As a growing percentage of Wisconsin hits retirement age, fewer and fewer seem prepared to leave the workforce.  In the United States, the average retiree has only 12,000 dollars saved by the time they hit 65 years of age.  Here in Wisconsin, almost one million workers between 18 and 64 do not have access to a retirement plan through their work.  With Social Security never intended to pay for all of a worker’s retirement and most workers with little or nothing in other sources of retirement income, a recent University of Wisconsin study projected as many as 400,000 seniors in Wisconsin living in poverty by 2030.  These grim statistics prompted Governor Tony Evers in 2019 to create a Retirement Security Task Force, headed by State Treasurer Sarah Godlewski.  The task force just released their report.  Here to discuss the report’s findings and recommendations is task force member J. Michael Collins a consumer expert with the University of Wisconsin.
 
...more
View all episodesView all episodes
Download on the App Store

8 O'Clock BuzzBy Brian Standing, Haywood Simmons & Michelle Naff, Jan Miyasaki, Tony Castaneda, & Jonathan Zarov

  • 4
  • 4
  • 4
  • 4
  • 4

4

2 ratings


More shows like 8 O'Clock Buzz

View all
Perpetual Notion Machine by Perpetual Notion Machine

Perpetual Notion Machine

3 Listeners

Mel & Floyd by Mel & Floyd

Mel & Floyd

50 Listeners

A Public Affair by Douglas Haynes, Ali Muldrow, Carousel Bayrd, Allen Ruff, & Esty Dinur

A Public Affair

13 Listeners