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Slate News

Slate Money - Hire Someone to Rob You

Slate News

Slate Podcasts

Politics, News, News Commentary

4.56K Ratings

🗓️ 25 December 2021

⏱️ 49 minutes

🧾️ Download transcript

Summary

This week, Felix Salmon, Emily Peck and Stacy-Marie Ishmael talk all about retirement with Teresa Ghilarducci, retirement expert and professor at the New School for Social Research. They dig into what’s wrong with the retirement system and who is currently benefiting from its brokenness, how people can get the most out of retirement investments and the role gender plays in retirement planning. 


In the Plus segment: Succession’s Logan Roy’s retirement plan. 

 

Email: slatemoney@slate.com


Podcast production by Cheyna Roth


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Hello and welcome to the hire someone to rob you episode of Slate Money, your guide to the business and finance news of the week.

0:22.5

I'm Felix Salmon of Axios.

0:24.0

I'm here with Emily Peck of Fundrise.

0:27.1

Hello.

0:28.4

I'm here with Stacey Maria Ishmael of Bloomberg.

0:32.4

Hello.

0:33.4

And guys, we have an incredibly special guest this week. Teresa Giaducci, welcome.

0:40.5

Hello, hi.

0:41.8

Introduce yourself. Who are you? Where are you?

0:44.4

I'm a professor of economics at the New School for Social Research in Manhattan.

0:49.8

So, Teresa, we have an unbelievably fun and wonky and awesome episode coming up with you.

0:57.0

We are basically going to be talking about retirement, which is a subject that we get a lot of

1:02.4

questions about and we very rarely have answers to. So you're going to provide the answers.

1:07.5

We're going to talk about who's retiring, who's saving, how they're saving,

1:11.4

how we can fix the system, why the system is broken, why everyone should be living in a co-op,

1:15.9

why it's good to own your neighbor's toilet. We even have a Slate Plus segment on Logan Roy and his

1:26.5

retirement plan. It's all coming up on slate money. So, Teresa, welcome.

1:35.6

You are an expert on all things retirement. Right. And also wealth. You know, it sounds a little

1:42.5

narrow to be just on retirement. It really is about wealth. And when you talk about wealth that workers have, it's really about worker power. I just get at that through retirement.

1:53.8

So basically, if I'm working and I'm building up my wealth, that means I'm getting more powerful. And if my wealth is going down, that means I'm becoming less powerful.

2:04.3

A lot like that.

2:05.2

Now, you may not be powerful.

...

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