Retirement luck, Hassett hassles the Fed, and boneless chicken in ... court?
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 20 February 2026
⏱️ 9 minutes
🧾️ Download transcript
Summary
On today’s episode: Why you better hope you retire at juuuust the right time, why the researchers at the Federal Reserve are being scolded by a White House economic advisor, and taking boneless chicken to court.
Related episodes:
Chicken meat, Gulf of Mexico lawsuit and Social Security beyond the grave
Davos drama, credit card caps and tariff truths
What would it take to fix retirement?
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Transcript
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| 0:00.0 | NPR. |
| 0:02.1 | This is the indicator from Planet Money. |
| 0:13.8 | I'm Waylon Wong. |
| 0:15.1 | I'm Darym Woods. |
| 0:16.1 | And I'm Adrienne Ma. |
| 0:17.2 | And today, it is, in fact, indicators of the week. |
| 0:21.6 | This is, of course, the day of the week where we talk about our favorite numbers from the news. |
| 0:26.6 | On today's episode, we're going to be talking about the blind luck of retirement. |
| 0:31.6 | We have the Federal Reserve's worst economic research ever, according to the White House. |
| 0:36.6 | And perhaps the most important |
| 0:38.9 | economic question we've ever asked on this show, what's up with boneless chicken wings? |
| 0:44.9 | Straight after the break. It's indicators of the week. Daryon Woods, you are up first. |
| 0:51.6 | My indicator is 2.9. As in, you could be 2.9 times richer just because you |
| 0:57.0 | started saving and retired on a lucky year. I was born Year of the Rooster. Is that a lucky year? |
| 1:02.6 | You could argue. And this was all calculated, not so much on the zodiac, but on stock returns |
| 1:09.9 | by Jesus Fernandez Villar Verde. |
| 1:13.6 | Jesus is a professor of economics at the University of Pennsylvania and a senior fellow at the |
| 1:18.1 | American Enterprise Institute. And he looked at 80 years of stock market data to make some simulations. |
| 1:24.1 | He ran hypothetical people born in different years who all started investing for their retirement at age 22. |
| 1:31.3 | And then he calculated how much wealth they would have amassed from the S&P 500 at age 68. |
| 1:36.7 | Okay, so someone who starts saving for retirement in, say, 1972, they would have a different outcome from somebody who started in 1980? |
| 1:45.8 | Yeah. And we all know that the stock market has good years and bad years, but what was striking |
... |
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