The Uncertainties of Retirement
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 15 August 2024
⏱️ 12 minutes
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Summary
Millions of American seniors over age 65 are still working because their retirement savings are inadequate. I joined the CBS Evening News to examine how they reached this point, and what some can do to be better prepared.
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Transcript
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| 0:00.0 | Welcome to the Jill on Money Show. It's Thursday, August 15th, or in my world it is my last full day of work. |
| 0:11.0 | I can't even believe it. Because you know I had to go up to a |
| 0:14.8 | wedding in Maine tomorrow. So Mark it is my middle weekend wedding so one |
| 0:20.6 | wedding down this one comes it coming up in Maine and then I got one more after that and then I have two in October so I have a little breaky break. |
| 0:30.0 | Hey gang what is the what do you think is the wedding gift check amount when you are the |
| 0:38.1 | friend of the father and mother of the bride and groom. |
| 0:43.8 | What do you think, Mark? |
| 0:45.3 | You're the friend of the parents? |
| 0:47.4 | Yeah, I'm the friend of the parents |
| 0:48.5 | that kids are getting married. |
| 0:49.6 | I feel like, and it's a good friend. |
| 0:51.6 | Well, I mean, okay, it's a good friend. I I mean okay it's a good friend I don't know I wouldn't go crazy just you know a couple hundred. Oh stop it don't be ridiculous. I'm not even covering my the cost of my attendance forget it even more reason why you shouldn't |
| 1:06.3 | shell out too much you are so under the market on this one forget it I'm thinking about like 2,500 yeah I'm not kidding must be nice |
| 1:18.0 | to have that much money or to not care I don't want to make a mistake. Both. Well let me ask you you go into five |
| 1:24.7 | weddings. What are the odds that all five of these survived the test of time? |
| 1:28.8 | Oh, let me think about this. Well, I've already had one. So one down. I think I just had dinner with them I think they're |
| 1:34.2 | surviving whatever it's like early days but I think they seem really good focused okay I think my |
| 1:40.1 | niece and her husband definitely so I'm putting that as two you know I actually |
| 1:49.0 | think all of these are going to survive which is just my blind-eyed optimism. |
| 1:53.4 | Well, the odds of that happen in our, you know, the odds say no. |
| 1:56.2 | I know, but think about this. |
| 1:58.4 | What are the odds that I would get divorced twice? |
... |
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