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Current Affairs

Why No One Gets To Retire Anymore (w/ Teresa Ghilarducci)

Current Affairs

Current Affairs

Comedy, Government, News, Culture, Politics

4.4645 Ratings

🗓️ 26 July 2024

⏱️ 38 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Welcome to Current Affairs. My name is Nathan Roesson. I'm the editor in Chief of Current Affairs

0:24.1

Magazine. I am joined today by Teresa Gilarducci. She is Professor of Economics and Policy

0:33.9

Analysis at the New School for Social Research. She's also the author of the new book,

0:42.4

Work, Retire, Repeat, the uncertainty of retirement in the new economy available from the

0:50.3

University of Chicago Press. Professor Giladucci. Welcome to current affairs.

0:55.0

Thanks a lot, Nathan.

0:57.0

Well, I want to begin with something that I saw in the news just a couple of days ago,

1:02.0

too late to appear in your book, but your book appears a similar anecdote that opens it.

1:08.0

I saw a story from my own state of Louisiana.

1:11.6

Donors raised $233,000 to give US cart pusher age 90 a chance at retirement.

1:19.6

Dylan McCormick, an Air Force veteran, had been supporting himself by pushing carts in Louisiana's triple-digit temperatures.

1:26.6

In 90 degree temperatures, it felt like 103,

1:29.6

a local news anchor. And I give these details on purpose. A former TV news anchor saw this man

1:37.0

who was 90 years old pushing carts. She asked him, she said, it's Memorial Day, you're out here

1:42.3

working, this man who was an Air Force veteran, as I said, and she said, may I ask why you're working

1:49.0

here at age 90 pushing cards in the Louisiana heat?

1:51.6

And he replied with two words, which were to eat.

1:55.2

And so she, being kind of horrified by this, managed to raise $233,000, which is great.

2:01.7

That's all good.

2:02.5

We like that.

2:03.3

You begin your book with a similar anecdote from 2022, about an 82-year-old Navy veteran

2:10.2

who was working at Walmart.

...

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