Video Lesson

Retirement age and money

retirement age in your country in the u.s the social security money that people receive isn't enough for most people life is expensive in the u.s so people often save money or i...

Course: School, work, and technologySection: RetirementSubtitles: en

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29 subtitle cues

1:13

countries what's the

1:13

retirement age in your country in the

1:16

u.s the social security money that

1:19

people receive isn't enough for most

1:22

people life is expensive in the u.s so

1:25

people often save money or invest so

1:28

they can retire i think in most

1:31

countries it's the same the money that

1:33

the government gives you when you retire

1:36

isn't a lot this means that people need

1:39

to plan for retirement

1:41

so let's talk about some ways to have

1:44

more money when you retire

1:46

one thing you can do is save money you

1:49

can save a little money each month and

1:52

this amount will grow as time goes by

1:55

you should start saving when you're

1:57

young if you start saving when you're 60

2:00

you probably won't save a lot of money

2:03

before you retire and sometimes saving

2:06

money isn't enough

2:08

over time there's always inflation

2:11

inflation is when your currency loses

2:14

value

2:15

so if there's a lot of inflation then

2:18

your savings lose value too this is why

2:22

some people prefer to invest money

2:25

there are many different ways to invest

2:28

money

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