CHICAGO—It may seem a simple solution to the brewing U.S. retirement crisis: Get people to work until 70 before retiring and 85 percent will have the money they need for retirement.
They will save more during additional years in jobs and leave existing savings untouched while getting paychecks; plus they have fewer years in retirement to cover living expenses with their savings, noted Alicia Munnell, director of Center for Retirement Research at Boston College.
