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Slate Money
Money Talks: The United States is Doing Retirement Wrong
Jun 5, 2024
Teresa Ghilarducci discusses retirement challenges, flaws in the American retirement system, and the Gray New Deal as a solution for retirement security. They delve into 401k failures, elder poverty rates in Japan, and the impact of the pandemic on work and retirement planning.
39:44
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Quick takeaways
- Japan excels in longevity and health practices, but struggles with aging workforce and care labor.
- The Netherlands and Finland top pension systems with collective contributions and efficient investment management.
Deep dives
Retirement Systems in the US and Japan
The podcast discusses the broken retirement systems in the United States and Japan. Despite the perception of Japan's longer lifespan, both countries face challenges due to their ineffective retirement structures. While Japan excels in longevity and better health practices like diet, they struggle with an aging workforce and a lack of care labor. Innovation in automated care equipment, such as robotic assistance in nursing homes, is a response to labor shortages in caring for the elderly.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode