May 7, 2024

A little more time for Social Security and Medicare funds

DNY59 via Getty Images

If Congress doesn't act, funds will fall short by 2035, a report warns. Plus, challenges with homeownership later in life.

Segments From this episode

National Debt

When the government can no longer pay full Social Security benefits

by Sabri Ben-Achour

May 7, 2024

Monday's report on the system's "go-broke" date raises questions about how Social Security is funded.

Projections indicate that Social Security and Medicare benefits will be cut immediately after 2033 by 21%, says Will McBride, vice president of federal tax policy at the Tax Foundation.

Bill Oxford via Getty Images

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For retirees, homeownership may not be the asset it used to be

by Amy Scott and Sarah Leeson

May 7, 2024

Paula Span of The New York Times says that these days, aging in place might feel more like being stuck in place .

Many older couples want to downsize, but in a competitive, high-priced market, moving to a smaller home can be a challenging option.

David Ramos/Getty Images

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Investors now get to see behind the scenes of newly public Reddit

by Elizabeth Trovall

May 7, 2024

Selling data to help train AI models is a big part of Reddit's plan to make money now that it's a public company.

Reddit went public on the New York Stock Exchange in March.

Spencer Platt/Getty Images

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Why the Committee on Foreign Investment in the U.S. has been getting busier

by Justin Ho

May 7, 2024

CFIUS has a say in foreign transactions when national security is a concern, including venture capital and real estate deals.

Treasury Secretary Janet Yellen, who chairs the Committee on Foreign Investment in the United States, speaks at a conference in September.

Alex Wong/Getty Images

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Auto workers union drive heads south

by Mitchell Hartman

May 7, 2024

The United Auto Workers are getting pushback from Southern Republicans, but gains in Detroit are driving interest in Alabama and elsewhere.

An office in a strip mall is headquarters for UAW organizing at the Mercedes-Benz complex in Vance, Alabama.

Mitchell Hartman/Marketplace

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My Economy

Transit worker's come a long way thanks to career change

by Sofia Terenzio

May 7, 2024

Once an actuarial analyst, Liz Young of Denver has achieved work-life balance and financial stability in his new role.

Before joining the Regional Transportation District in Denver, Liz Young worked as an actuarial analyst but wasn't happy in his career.

Courtesy Young

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Music from the episode

"Adu" DJ Ray

"Folds" dryhope

"It Starts With Bongos" Kid Spatula

"Pineapple" Blue Lab Beats, Moses Boyd, Nérija

"Jeremy's Storm" Tame Impala

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sarah Leeson Producer I

Sean McHenry Director & Associate Producer II

Sofia Terenzio Assistant Producer

Jordan Mangi Assistant Digital Producer

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