While one apparently obvious solution to the retirement crisis is simply to work longer, to continue to earn and save instead of drawing on paltry retirement accounts (if any), the Center for Retirement Research at Boston College took a closer look at the potential of such a "solution" to solve the problem.
Their conclusion? In a brief that examines a series of five studies to see whether such a solution is practical for the working population overall, CRR found that working longer is harder on those at the low end of the socioeconomic spectrum (SES).
So for that population, alternate or additional strategies may also be required to improve their prospects of a financially secure retirement. Educational achievement was used as the measure of SES.
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