Age in America: What is the retirement crisis that many are facing?

The video discusses the challenges Americans face as they approach retirement, highlighting the unreliability of traditional savings methods like pensions and 401K plans. Ted Bennett, known as the father of the 401K, explains its benefits and limitations, while Teresa Ghilarducci addresses the anxiety surrounding retirement savings. The discussion includes potential solutions, such as payroll deduction IRAs and the importance of supporting Social Security and Medicare. Viewers are advised to seek non-conflicted financial advice and plan their budgets for retirement.

What new insight or understanding did you gain from this video?