The Retirement Wealth Inequality Machine

The video discusses the growing retirement crisis in the U.S., highlighting the challenges faced by older workers, such as inadequate savings and lack of job opportunities. It explores the inequality in retirement conditions, with a focus on class and racial disparities. The speaker, Teresa Ghilarducci, proposes a universal retirement plan to address these issues, emphasizing the need for a mandatory, portable system that doesn't rely on individual decision-making. The video also touches on the political and social implications of retirement policies.

What is the primary source of income for many older workers in the U.S.?

• Pensions

• Social Security

• Personal Savings

• Investments

What myth about older workers is prevalent in the U.S.?

• They can work indefinitely

• They prefer part-time jobs

• They are highly valued by employers

• They have sufficient savings

What percentage of older workers have physically demanding jobs?

• 10%

• 25%

• 50%

• 75%

What is a significant issue with the 401K retirement system?

• It only benefits the top 10%

• It is mandatory for all workers

• It is managed by the government

• It provides guaranteed returns

What is the goal of the proposed universal retirement plan?

• To increase taxes

• To provide a portable and mandatory system

• To eliminate Social Security

• To privatize retirement savings

Which political figure is mentioned as advocating for a comprehensive retirement solution?

• Elizabeth Warren

• Joe Biden

• Marco Rubio

• Bernie Sanders

What is the proposed name for the new retirement account system?

• Guaranteed Retirement Account

• Social Security Plus

• Universal Pension Fund

• Retirement Savings Plan

What is a key feature of the guaranteed retirement account?

• It is invested by professional investors

• It replaces Social Security

• It relies on individual direction

• It is optional for employees

What is the broader political context discussed in relation to retirement?

• The rise of technology

• The decline of manufacturing jobs

• The increase in healthcare costs

• The conflict between labor and capital

What did Thomas Piketty find surprising about the U.S.?

• The strong social security system

• The high number of retirees

• The lack of retirement savings

• Older people working in low-paid jobs