What a “tontine” could mean for your retirement savings - a podcast by Marketplace

Think of a “tontine” as a contractual lottery for money collected and invested from a group of people – except the money will ultimately go to the person who has lived the longest. It sounds like a dastardly plot (and it was, in a movie) but it was real until the early 20th century. And, some economists think a tontine could have a positive effect. We explore this with Marketplace’s Chris Farrell. Also today, Susan Schmidt discusses the markets with us. Facebook whistleblower Frances Haugen urges regulation of the company. There’s also buzz swirling around a potential work requirement for parents in order to access their child tax credit funds.

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