The disappearing safety net for Baby Boomers

Marketplace All-in-One

Marketplace

News, Business

4.8 • 1.3K Ratings

🗓️ 13 June 2025

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The economic position of the baby boomer generation has long been the envy of younger ones in the United States. But the tides may be turning as the Trump administration seeks deep cuts to social benefits that older Americans rely on. We’ll get into it. And, Kimberly joins the show from the National Press Club in Washington D.C., to make us smarter about how the GOP’s reconciliation bill could impact the richest and poorest Americans. Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

"GOP tax bill would cost poor Americans, boost highest earners, CBO says" from AP News
"Megabill would cost poorest households $1,600 a year, boost richest by $12K, CBO predicts" from Politico
"Baby Boomers’ Luck Is Running Out" from The Atlantic
"Why is everyone so crazy for Labubu toys?" from Marketplace
"Booming sales of the latest Nintendo Switch bode well for the gaming industry" from Marketplace
"You’ve Heard of Fine Wine. Now Meet Fine Water" from The New York Times
"A federal judge ruled AI chatbots don't have free speech protections — for now" from Marketplace

Got a question for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

Transcript

Click on a timestamp to play from that location

0:00.0	Hey, if you're listening to this, I will assume you're at least interested in money,
0:04.5	understanding the economy, and finances as well.
0:07.0	And some of us now want to get the next generation interested as well.
0:10.6	So check out Million Bazillion, Marketplace's award-winning kids podcast that breaks down money to help dollars make more sense.
0:17.1	Tune into Million Bazillion wherever you find your favorite podcast.
0:20.0	A whole new season is out now.
0:22.4	Million Bazillion is presented in partnership with Greenlight, the debit card and money app for kids and teens.
0:27.0	Greenlight helps kids and teens learn to earn, save, spend wisely, and invest. When you sign up for a Greenlight account at greenlight.com slash million.
0:35.9	You've been through one diet after another and the weight still came back.
0:40.5	You may think it's about willpower but really it's about science.
0:44.3	With Voie's weight loss program, we combine medication with expert support, all tailored to your goals.
0:50.7	From Voie clinicians checking in on you to a personal coach keeping you motivated.
0:55.7	Join 100,000 people seeing results with medication at joinvoy.com slash go.
1:02.0	Treatments will only be prescribed if deemed appropriate.
1:05.8	All right, I think we're good to go.
1:08.2	All right, let's do it.
1:15.9	Okay. I think we're good to go. All right, let's do it. Hello, everyone, and welcome back to Make Me Smart, where we make today make sense.
1:20.5	Hello, I'm Rima Jerez.
1:21.8	Thank you for joining us on the podcast and the YouTube live stream on this Friday, June 13th.
1:27.4	Geez, I did not realize that.
1:29.0	We're topping off the week with a little economics on tap, which is our weekly happy hour
1:32.8	episode.
	...

Transcript will be available on the free plan in 26 days. Upgrade to see the full transcript now.

Previous episode

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

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