Description
National Council on Aging chief customer officer Josh Hodges discussed the retirement savings shortfall among the baby-boomer generation and how much people should have in retirement savings.
Bell Ringer Assignment
- CLIP #1: Based on the clip, how large is the Baby Boomer generation and how old are its members?
- CLIP #1: What percentage of Baby Boomers have "no retirement savings?"
- CLIP #1: Summarize the two "big problems" that people face in retirement.
- CLIP #2: According to Josh Hodges, what factors should people consider when planning saving for their retirement?
- CLIP #2: Summarize the statistics provided in the clip about the "crisis we're facing as a country."
- CLIP #2: Based on the clip, why is Social Security alone not enough for retirement?
Additional Resources
- Video Clip: Changing Labor Trends in 2021
- Video Clip: Cost-of-Living Adjustment for Social Security
- Bell Ringer: Financial Literacy - Saving and Planning for Retirement
- Bell Ringer: Preparation for Retirement
- Bell Ringer: Slowing Population Growth Rates in the United States
- Bell Ringer: Tips for Saving for Retirement
- Bell Ringer: How Social Security is Funded
- Lesson Plan: The Future of Social Security
- Lesson Plan: Financial Literacy
- Lesson Plan: American Generations
Participants
Vocabulary
- Asset
- Baby Boomer
- Census Bureau
- Copay
- Generation X
- Medicare
- Prescription
- Retirement
- Social Security