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Will Young Californians Ever Be Able to Retire?
October 01, 2014 – According to surveys, some 70 percent of Californians under the age of 40 expect they’ll never retire – and that makes sense, since few are saving money for retirement. Why is it so hard to convince young Californians to do essential long-term planning? Can the state’s existing programs be expanded to convince – or coerce – more people to save? City of Los Angeles financial empowerment initiative director Olivia Calderon, SagePoint financial advisor Alexander Cruz, personal finance columnist Liz Weston, and AARP director of financial security and consumer affairs Gerri Madrid-Davis visit ZĂłcalo to ask how young Californians might be saved from elderly poverty – and themselves.
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Will Young Californians Ever Be Able to Retire?
October 01, 2014 – According to surveys, some 70 percent of Californians under the age of 40 expect they’ll never retire – and that makes sense, since few are saving money for retirement. Why is it so hard to convince young Californians to do essential long-term planning? Can the state’s existing programs be expanded to convince – or coerce – more people to save? City of Los Angeles financial empowerment initiative director Olivia Calderon, SagePoint financial advisor Alexander Cruz, personal finance columnist Liz Weston, and AARP director of financial security and consumer affairs Gerri Madrid-Davis visit ZĂłcalo to ask how young Californians might be saved from elderly poverty – and themselves.
