Professor Robert Clark Gives Insight On The Retirement Crisis

Currently, the U.S. is facing a retirement crisis in which retirees do not make enough in earnings or save enough money to afford their retirement. Many believe that a basic, achievable solution is having people work until 70 years old which allows for 85 percent of the retirement population to have enough money. Robert Clark, a professor of economics at Poole College of Management, proposed an alternative solution of relieving employers and employees of paying payroll tax towards Social Security for workers over the age of 62. Read more at CNBC.