This podcast episode discusses the serious problem of financial insecurity among older Americans and proposes a solution called the "Gray New Deal." The episode emphasizes that traditional retirement systems have failed, and many people lack adequate savings. Teresa Ghilarducci, an economics professor, outlines the key components of the Gray New Deal, including enforcing anti-age discrimination laws, adding long-term care insurance to Medicare, establishing a universal pension system, and bolstering Social Security. The episode explores the political challenges but also argues that a crisis is looming and that this proposal can address it effectively.
