Episode 10 - "Broken Promises"

Pensions have long been considered to be the gold standard of retirement, the treasured benefit of public service and big company jobs. But because of changing demographics, evolving financial environments, and poor accounting practices, these once sure things may soon become a liability. With a reckoning soon approaching, will retirement, the markets, and all of us as a whole be able to survive this ticking time bomb?

Chapters

00:00 Preshow
01:52 The Idea of Retirement is Centuries Old
02:26 History of Pensions in the US
04:46 Decline of Pensions
06:13 Crisis Looming; Dallas Case Study
08:58 Short Term Promises With No Long-Term Sustainability
11:10 Musuem Tower
14:40 What is a Pension Anyway?
17:24 Risky Investments
18:32 CalPERS
21:36 Public Pensions vs Risk Free Investing
23:35 The Individuals
25:23 Wall Street
28:14 Private Pensions Foreshadow Doom
31:07 Where Will the Money Come From?
36:22 Inequality and Discrimination
39:43 A Better Future
40:38 Wrap Up

A full transcript is available as well as detailed links and sources (plus credits and more) on our website ashesashes.org.

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