#037 Today on a solo show. Someone asked me the other day, Eric, why there is no set system of retirement in this country. And I thought about it and I told him once upon a time there was not a set system, but there was a kind of a for. That everyone followed and little financial literacy was needed at that time because everyone just did the same thing.
[00:02:02] Eric: So let's go back to a time where the economy was good and things was picking up right after, uh, a world war, world war two
[00:02:28] Now that's a lot of goods and shelter that's needed. Women at that time were averaging four kids per household
[00:03:25] And this was done for decades. There's no financial literacy that's needed here. You just followed simple cut and paste and it worked
[00:04:20] This 401k was supposed to be in addition to the retirement plan you had back then,
[00:05:14] So now 401k replaced. The great recession, pretty much crippled and damaged the stock market and people savings.
[00:06:47] Or financially free to the point where retirement was thought of at an early age and the methods to retirement Come to them as second nature.
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