Retirement: A Decreasingly Septuagenarian Phenomenon
May 15, 2024
auto_awesome
Economist Allison Schrager discusses the benefits of working into your 70s, challenges misconceptions about retirement at 62, and offers economic insights on topics like marijuana and sex work. The podcast also explores the intersection of risk advisory services and physical exercise in retirement planning, debunks myths about job stability and wages, and delves into the changing landscape of labor, automation, and retirement age.
Working beyond 70s is financially beneficial to avoid poverty in retirement.
Gun violence is a complex issue in the US, not solely related to mass shootings or specific gun types.
Deep dives
France's Response to Brazen Prison Escape
A massive manhunt in France ensues after a brazen prison escape resulted in the deaths of two French police officers and injuries to three others. The attack occurred in Inca Vin near Rouen in Normandy when a gang ambushed a prison van carrying the prisoner Mohamed Amra. The incident raises concerns in France as the country prepares for the upcoming Olympic Games, as the violence contradicts efforts to project a sense of law and order.
Comparing Murder Rates in France and the US
Official records from 2023 reveal France had 1,110 murders in a population of 70 million. In contrast, the US, with a population five times larger, experiences approximately 20,000 murders annually. The US murder rate points to a higher prevalence of gun-related violence, where firearms significantly contribute to the number of homicides.
Insights on Knife Homicides and Gun Violence
The discussion addresses the prevalence of knife homicides in the UK, particularly in England and Wales, where 244 knife homicides were recorded. Comparatively, an American is about 15 times more likely to die from gunshot-related murders than a Brit is from knife homicides. The discourse delves into the impact of firearms on the significantly higher death toll in the US, shedding light on the broader implications of gun violence.
Debunking Myths Surrounding US Gun Violence and Regulations
Despite prevalent concerns and media coverage of mass shootings and gun-related deaths in the US, the discussion challenges common misconceptions. It highlights that gun crimes are not primarily linked to weapons like AR 15s or semi-automatic guns, school shootings, or mass shootings covered in the media. The conversation underscores the need for a nuanced understanding of gun violence and effective regulations beyond sensationalized narratives.
Economist Allison Schrager, Bloomberg columnist and author of An Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk, makes the case for working well into your 70s. And even if you think the case is "poor," that's exactly what you'll be if you opt out of the workforce at 62. Plus, a French gangster known as La Mouche, or "The Fly," shoots his way to freedom as the French fret about the Olympics.