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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 theyโll 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 stateโs 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 Zรณcalo 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 theyโll 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 stateโs 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 Zรณcalo to ask how young Californians might be saved from elderly poverty – and themselves.

