When Are You Too Old to Work?
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 13 July 2024
⏱️ 47 minutes
🧾️ Download transcript
Summary
This week, older people are ditching the office. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss what a retirement wave means for young workers left behind, why Gen X-ers aren’t financially prepared to retire, and the rise of non-disclosure agreements in everyday life. For the Plus segment: What’s so special about the $150,000 luxury guard dog?
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Podcast production by Jared Downing and Cheyna Roth.
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Transcript
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| 0:00.0 | Hello! Welcome to Slate Money, your guide to the business and finance news of the week. |
| 0:17.0 | I'm Felix Simon of Axios with Emily Peck of Axios. |
| 0:20.0 | Hello, hello. |
| 0:21.0 | I'm here with Elizabeth Spires, who we know Rights of the New York Times |
| 0:24.8 | because we see her columns there, but she also works for other people who shall remain |
| 0:29.3 | nameless. I had to sign n-diers. Elizabeth has to sign NDA, so I genuinely have no idea who her clients are, like each other, |
| 0:38.0 | could be all manner of conflicts here, who knows? |
| 0:40.0 | So we are going to talk about that. |
| 0:42.0 | We are going to talk about N. We are going to talk about |
| 0:43.0 | NDAs and whether they're good or bad. That's coming up. But before we get to the |
| 0:47.3 | NDAs we're going to talk about generational stuff. We're going to talk |
| 0:50.9 | about how old is too old to be in the workforce. We're going to talk about how old is too old to be in the workforce. We're going to talk about Gen X and why we Gen X is so worried about retirement. |
| 0:59.0 | We also have a slate plus segment on expensive dogs. We will of course mention Elon Musk. It's a good |
| 1:06.0 | one this week. It's all coming up on slate money. |
| 1:10.3 | Felix. Felix, how old is too old to continue holding a job? It's a question that has captured the nation. |
| 1:25.6 | Here's some facts. I'll throw them at you. |
| 1:27.4 | More older Americans are working now. |
| 1:30.0 | Almost 20% of Americans over the age of 65 are employed, full-time, part-time, what have you. |
| 1:38.0 | This is an increase from, like, 2000s and a decrease from a long time ago when people used to work |
| 1:47.5 | basically until they died before we had Social Security. People older than 75 mostly don't work. It's like 8% of Americans over 75 are |
| 1:57.2 | employed. So it's a very small number. You know, the subtext here is obviously |
| 2:01.1 | the president. He's in a very small percentage of adults over 75 |
... |
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