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When a study revealed that three quarters of workers ages 50–62 are working in jobs that have neither retirement plans nor health insurance, retirement expert Dr. Alicia H. Munnell, director of the Center for Retirement Research at Boston College, thought at first there was something wrong with the data.
But what's wrong is what will happen to those older workers in retirement. According to a New York Times report, that demographic of workers is heavily present in "nontraditional" employment—jobs without benefits. Nontraditional includes not just Uber drivers but freelancers, consultants, and many other occupations — those who don't get paid if they don't work.
The revelation was news to Dr. Munnell, who is quoted in the report saying, "I thought everyone had traditional jobs during their 50s. I was super surprised by it."
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
