Category: General Beyond Wages: The Future of Income When We Are Not Working

Beyond Wages: The Future of Income When We Are Not Working

November 6, 2023 November 7, 2023

The Century Summit 2023

Longevity Connection (Stanford University)
Monday, November 6 and Tuesday, November 7, 2023

Whether slowly or all at once, workers toward the end of their careers shift from relying on wages (or "labor market income") to relying on two main forms of non-labor income: Social Security and income from savings, should those savings exist. But as researchers have repeatedly demonstrated, the majority of workers are not optimizing these streams—even in an era of increased longevity that makes reliable, lifelong income more important than ever. At the same time, we have seen guaranteed income pilot programs, or cash payments provided on a regular basis with no work requirements, and no strings attached, take off in 30+ pilot programs to provide non-labor income as a support system for households.

In this conversation we will grapple with the question: what do these two different forms of "guaranteed income"—that result in similar household experiences of routinely positive cash flow—have to learn from each other, as we seek to ensure that everyone has sufficient income, even when they aren't working?

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