The Retirement Crisis Reflects a Crisis in Declining Wages and an Eroding Standard of Living

ACADEME BLOG

On Black Friday–the day on which Walmart workers and other underpaid U.S. workers are engaged in actions to bring attention to their exploitation by some of America’s largest corporations–the following speech by Senator Elizabeth Warren seems very apropos. Senator Warren speaks most pointedly about the need to sustain and even to expand Social Security, but she does so by framing that issue within the broader economic struggles of many working Americans.

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The Retirement Crisis

Floor Speech by Senator Elizabeth Warren

November 18, 2013

As Prepared for Delivery

I rise today to talk about the retirement crisis in this country–a crisis that has received far too little attention, and far too little response, from Washington.

I spent most of my career studying the economic pressures on middle class families– families who worked hard, who played by the rules, but who still found themselves hanging on by their fingernails. Starting in…

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