Older households need to save more money for retirement, and plan to possibly work longer, according to research just published.
But the same labor market pressures that have made it harder for people to save, such as increasingly unstable labor markets, have also made it more difficult for people to work longer as wage and salary employees, according to the authors of the paper, Christian Weller, a University of Massachusetts Boston professor; Jeffrey B. Wenger, University of Georgia professor; Benyamin Lichtenstein, a University of Massachusetts Boston professor; and Carolyn Arcand, a University of New Hampshire professor.
