NPR “All Things Considered,” “Economic Woes Force Many To Postpone Retirement”|August 3, 2008
Older workers are more concerned about their retirement than ever before. “Last year in 2007, 27 percent of active workers were very confident. That dropped all the way down to 18 percent this year, and that’s the single largest decline we’ve ever had,” said Jack VanDerhei, a professor at Temple University, and researcher at the Employee Benefit Research Institute in Washington, D.C.
http://www.npr.org/templates/story/story.php?storyId=93241950
August 11, 2008 | BusinessWeek
Many studies have shown that women lag behind men in saving for retirement. The savings gap is expected to persist for the next 40 years or so, projects researcher Jack VanDerhei, a Temple professor at the Fox School of Business.
Allentown Morning Call|"A moving target"|July 27, 2008
Writes Gail MarksJarvis: "Baby boomers who never got around to saving as much as they hoped promised to keep working past retirement age. The joke in the generation has been: 'I'll just work forever.' And the intent has shown up repeatedly in research. But now along comes an economic downturn, and people are losing jobs. It looks as though Plan B, a lifetime of working, might not be an option to rescue undersavers after all. 'It's a perfect storm,' said Jack VanDerhei, a Temple University professor and fellow at the Employee Benefit Research Institute."
http://www.mcall.com/business/local/all-yourmoney.6518405jul27,0,7066579.story
Chicago Tribune|"Chasing down retirement"|July 27, 2008
Jack VanDerhei had the lead quote in an article on retirement for Baby Boomers. "It's a perfect storm," said Jack VanDerhei, a Temple University professor and fellow at the Employee Benefit Research Institute. Too many people approaching retirement age have saved too little, accumulated too much debt, stretched too far on homes that have lost value and never made good on the promise to save more tomorrow, he said.
Consuelo Mack WealthTrack|July 26, 2008
Jack VanDerhei, RIHM professor, was a featured guest on last weekend's Consuelo Mack WealthTrack on public television. Host Consuelo and VanDerhei discussed the financial plight of retiring baby boomers and how, even at this late date, they can increase their retirement income. He was joined by Barclays Global Investors' Matt Scanlan, co-author of "The Future Shock of Retirement," (a new study warning how much Americans are underestimating their retirement needs), and investment strategist Jason Trennert, founder of Strategas Research Partners. WealthTrack, which Money Magazine recently named the best financial show on television, is the only investment program devoted to long-term, diversified investing. Its format provides guests with sufficient time to have a real discussion, an increasingly rare experience. It airs weekends on some 195 public television channels around the country, including two in New York. On Friday evenings it is shown at 7:30PM on WLIW, channel 21 and on Saturday mornings at 8AM on WNET, channel 13.
