America's Retirement Timebomb!

As baby boomers approach retirement, staggering statistics reveal over half are unprepared financially. Discover the evolution of retirement funding in America and how societal shifts have reshaped this phase of life. The podcast dives into the impact of labor unions on pension plans and contrasts American systems with European welfare models. It also provides cautionary insights on the transition from defined benefit to defined contribution plans, emphasizing the need for prudent savings strategies to combat inadequate federal support.