Your Money Map Replay: Jason Dorsey on Why Retirement Isn’t What It Used to Be

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 22 August 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’ve officially hit Peak 65, the historic moment when more Americans than ever are turning 65. But retirement in 2025 looks nothing like it used to. In this eye-opening episode of Your Money Map, Jean Chatzky sits down with generational researcher Jason Dorsey to explore how Baby Boomers, Gen Xers, and even Millennials are rethinking retirement — financially, emotionally, and socially. 💬 Topics We Cover: Why 65 is no longer the "retirement finish line" The surprising truth about Gen X’s financial mindset How social media is changing money conversations between generations The rise of working later — not because people have to, but because they want to What the data says about Social Security fears and long-term income planning Why denial is one of the biggest threats to retirement readiness 🎯 Jason’s advice for pre-retirees is both practical and empowering — and it might just change how you think about your own future. 🔗 Resources & Links: Learn more at ProtectedIncome.org Explore Jason’s research at JasonDorsey.com Sign up for the Alliance for Lifetime Income newsletter: protectedincome.org/subscribe Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	People tend to grossly underestimate their spending in retirement.
0:06.0	So they think they're going to spend a lot less money.
0:09.0	I mean, they've got this magic number of, oh, I'm going to spend 60% of what I spend right now.
0:13.0	And the reality is, unfortunately, it's very hard for people generally to adjust out, right?
0:19.0	Like, unless you're in a crisis situation.
0:23.1	So you're like, oh, you only live once.
0:25.0	You know, you've got all these things going on and so forth.
0:29.2	So we find generally people tend to spend more than they anticipate it overall, just as consumers.
0:31.8	Hey, everyone.
0:32.7	Welcome to Hermione.
0:33.7	I'm Gene Chatsky.
0:40.8	Today's conversation is rooted in research. And what that research tells us about how Americans are approaching retirement in 2025. Right now, we are in the thick of peak 65. That's a milestone
0:49.8	where more Americans are hitting that traditional retirement age than ever before.
0:55.6	But for many people, the retirement that they expected is shifting.
1:00.1	Many are not financially prepared.
1:02.6	Some are delaying retirement altogether, and a growing number are questioning
1:07.4	whether retirement in the traditional sense even makes sense for them.
1:13.1	To help us unpack all of this, I sat down with Jason Dorsey,
1:16.7	president of the Center for Generational Kinetics,
1:19.6	and one of the leading voices in the country on generational financial behavior.
1:26.7	We talked on a recent episode of Your Money Map,
1:29.7	the show I host with the Alliance for Lifetime Income.
	...

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