Retirement Insecurity: ‘There’s never anything left over, ever’

Retirement Security for All Blog

Americans know they need to save for retirement. But the trick for workers such as Sue McNamara is actually finding a way to do it. Under America’s current policies, retirement has become one of the most troubling examples of how the economy just isn’t working for most people.

Availability and contributions are often tied to income, and it’s estimated that about half of private-sector workers don’t take part in a retirement plan at their current job.

McNamara, an SEIU member and adjunct professor at Boston’s Northeastern University, spoke to the Associated Press for a story the wire service ran on retirement security. “Over the years, all I’ve been able to do, especially as a single parent, is just pay our bills every month,” she said. “Anything that’s left over is used up when your car breaks down or when the furnace breaks down… There’s never anything left over, ever.”

Two thousand adjuncts, including McNamara and her colleagues at Northeastern, have joined SEIU in the past year to raise standards in their profession and provide better security for their families. Sixty percent of unionized adjuncts report access to retirement benefits through their employer while only 27 percent of nonunion adjuncts report the same.

Read more from the Associated Press.

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