How do people pay for things when they retire?
Million Bazillion
Marketplace
4.5 • 2.6K Ratings
🗓️ 12 November 2024
⏱️ 29 minutes
🧾️ Download transcript
Summary
The hosts visit Bridget’s grandma to answer questions from Josephina and Anna about how retirement works. Along with dancing and eating a lot of casserole, they learn about the many ways people save for retirement and how the government helps people pay for things when they stop working. Plus, they help Bridget’s niece understand why it’s important to start saving for retirement early.
If your family is interested in learning more about the questions we answered in this episode, check out our website. We’ve got discussion questions and tips!
This episode is sponsored by Greenlight. Sign up for Greenlight today at greenlight.com/million.
Transcript
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| 0:00.0 | Hey, bazillionaires. |
| 0:02.5 | Welcome to another episode of Million Bazillion, where Bridget and Ryan answer all kinds of great money-focused questions. |
| 0:08.9 | But before they get started, this episode is presented in partnership with Greenlight, the debit card and money app for kids and teens. |
| 0:15.9 | With a Greenlight debit card, kids and teens can get a head start on saving for their futures by setting savings goals. |
| 0:22.5 | Sign up today at greenlight.com slash million. That's greenlight.com slash million. |
| 0:29.8 | Hey, Ryan, you want to sign a happy retirement card for Jaggy, the Jagged Line? |
| 0:35.0 | You mean Jaggy, the line that goes up and down on all our economic charts? |
| 0:38.8 | That Jaggy is retiring? Yeah, the very one. Our economic charts will never be the same. Today's his last |
| 0:44.7 | day on the job. Oh, here he comes now. Jackie. Congratulations, Jaggy. Oh, thanks, everyone. But no need to |
| 0:53.1 | make a fuss over me. |
| 0:55.0 | I'm just the old jagged line that charts the growth of our nation's economy. |
| 1:00.3 | Looks like I'm being phased out for bar graphs and pie charts. |
| 1:04.5 | Well, we appreciate you, Jaggy. |
| 1:06.6 | Boy, I bet you've seen a lot of ups and downs in your day. |
| 1:10.1 | Yeah, how about a speech? |
| 1:11.9 | Speech, speech, speech, speech. |
| 1:16.3 | Well, back when I first started out during the Great Depression, I was pointed downward. |
| 1:23.6 | Then, in the 1950s, I was pointed upward for a while. Then in the 70s I was pointed upward for a while |
| 1:28.3 | Then in the 70s I pulled it down |
| 1:31.3 | Let's settle in I think we're gonna be here for a while |
| 1:34.3 | As far as I can remember, I was going up until 2008 when I went really down. |
| 1:50.8 | Wow, great speech. Congratulations, Jaggy. Cheers to a long career. |
... |
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