Summary of “A Retirement-Savings Crisis Is Making Never-Ending Work”

“I’m a working woman again,” she told me, in the common room of the senior apartment complex where she now lives, here in California’s Inland Empire.
Gordon has worked dozens of odd jobs throughout her life-as a house cleaner, a home health aide, a telemarketer, a librarian, a fundraiser-but at many times in her life, she didn’t have a steady job that paid into Social Security.
Many people reaching retirement age don’t have the pensions that lots of workers in previous generations did, and often have not put enough money into their 401(k)s to live off of; the median savings in a 401(k) plan for people between the ages of 55 and 64 is currently just $15,000, according to the National Institute on Retirement Security, a nonprofit.
“In the early decades of our work, we were serving communities that had been poor when they were younger,” Prindiville told me.
If today’s seniors are struggling with retirement savings, what will become of the people of working age today, many of whom hold unsteady jobs and have patchwork incomes that leave little room for retirement savings? The current wave of senior poverty could just be the beginning.
In 1979, 28 percent of private-sector workers had participated in defined-benefit retirement plans-by 2014, just 2 percent did, according to the Employee Benefit Research Institute, a nonprofit.
At least Belleau and others are physically able to work.
She’s still working at 76, but she feels a little more secure now that she has more help.

The orginal article.