According to economists at the UCLA Anderson Forecast, a slow-rolling catastrophe of grossly inadequate national savings is upon us. Everyday Americans approaching retirement, Medicare, Social Security and pensions—all are facing a savings crisis. With low interest rates, sluggish income growth and a surge in health care spending, we need to be saving more, not less. Our most accurate (and most ignored) forecast is: “Next year you will be a year older.”
The Forecast December Economic Outlook event “Saving Our Future” will unpack the savings crisis, including talks such as “What difference would a Yellen Fed make?” and “Unfunded pensions in California Cities, A ticking time bomb?” The keynote talk by Laurence Kotlikoff, William Fairfield Warren Distinguished Professor of Economics at Boston University and author of “The Clash of Generations: Saving Ourselves, Our Kids and Our Economy,” will discuss the inter-generational impact of our dwindling savings.
Other speakers include: Forecast Director Edward Leamer; David Shulman, senior economist of the Forecast; Jerry Nickelsburg, senior economist of the Forecast and adjunct professor of economics; William Yu, economist at the Forecast; Michael Hiltzik, business columnist for the Los Angeles Times; Anderson Professor Suzanne Shu; Ann Boynton, deputy executive officer of Programs, Benefits and Policy at Calpers; and David Crane, lecturer and research scholar at the Stanford Institute for Economic Policy Research.
The event takes place Dec. 5 from 7:30 a.m. to 11:30 a.m. in the Grand Horizon Ballroom in UCLA’s Covel Commons.
Head to the Forecast homepage for more information.