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Economy

How has retirement changed in Michigan?

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It used to be a worker could set his or her sights on retiring at age 65, get that gold watch and join the ranks of the retired.

No longer.

From longer life expectancy to the baby-boomers whose investments and house values were tanked by the Great Recession, to younger workers being squeezed out by older workers who are hanging on to their jobs longer, retirement in America has changed.

The American Retirement Initiative has come about to help lead the conversation about how to improve retirement planning for all of us.

It’s headed up by a Michigander who got his undergrad in economics and graduate business degrees from the University of Michigan. Keith Green is the President at the American Retirement Initiative and he joined us today.

Listen to the full interview above.

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