meta_pixel
Tapesearch Logo
Log in
Jill on Money with Jill Schlesinger

Coronavirus: Target Date Funds

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 5 June 2020

⏱️ 11 minutes

🧾️ Download transcript

Summary

Sometimes people think I dislike the use of target date funds, but that's not true. If you're using them, all good. I just want you guys to understand that they're often times more expensive and more risky than you realize. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Coronavirus Market Update. It is Friday, June 5th in your

0:10.9

feed. We are recording this actually on Thursday morning and we've just

0:14.8

gotten the weekly jobless claims information. Here's what we know. 1.877

0:21.8

million Americans filed for new unemployment insurance.

0:27.0

That was last week.

0:28.4

And we also know that 10.7 million gig workers or self-employed folks.

0:34.4

They are applying through the pandemic unemployment assistance

0:38.8

program.

0:39.4

So just think of it this way.

0:41.2

There's about 53 million Americans who filed some sort of claim

0:47.5

for unemployment insurance. Staggering over the last 11 weeks. Okay, so what else do we know?

0:53.9

Well, let's look at the positive aspect of this for a second.

0:57.6

Yes, the numbers over the last 11 weeks are horrifying.

1:00.7

However, we have just seen the ninth straight weekly decline since claims peaked at the end of March.

1:08.0

That's the good news.

1:09.0

Here's the bad news.

1:10.0

21.5 million Americans actually are receiving unemployment benefits and that's up

1:17.5

slightly from the prior week. So we need to start seeing those continuing

1:22.2

claims drop before we say that we've hit the bottom. That's what we really need

1:27.0

Of course we'll have the recap of the monthly jobs numbers that will be out at 8.30 Eastern Time today.

1:35.1

We'll report on that when we release our podcast for Saturday.

1:40.3

Okay, with that out of the way, let's get to your questions.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Audacy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Audacy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.