Inside Higher Ed: Will Professors Delay Retirements?
At TIAA-CREF this week, the volume of calls from clients is up 30 percent from the same point a year ago.
Given the dramatic drops on Wall Street, it’s not surprising that many in academe are wondering about the status of their retirement funds. But a big question for academe may be whether those funds are shrinking substantially enough to prompt professors to delay retirement. Many think that the drops this week — coming in a year in which funds were already going down — may in fact be that significant.
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