A warning on realities of work, retirement

A warning on realities of work, retirement

Alicia Munnell has never been one to sugarcoat her opinions. As a top economist at the Federal Reserve Bank of Boston in 1991, she shook up the New England banking industry by documenting discriminatory lending practices.

As an official in the Clinton administration, she opposed the balanced-budget amendment because it would cut Social Security and defense spending. And as a researcher, she warned that government insurance designed to protect workers and their pension plans wasn’t adequate to cover funding shortfalls faced by struggling companies.

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