This Week on CBS Sunday Morning: A Deep Dive into the Money Issue

This Week on “Sunday Morning” (August 3): The Money Issue

Television Network: CBS

Time: Sundays at 9:00 a.m. ET

Streaming: CBS News app at 11:00 a.m. ET

In this week’s episode of the Emmy Award-winning show “CBS News Sunday Morning,” hosted by Jane Pauley, the focus turns to the crucial topic of retirement planning in the annual “Money Issue.” This feature emphasizes the importance of financial security as individuals prepare for their later years.

Exploring Social Security’s Future

One of the notable segments investigates the stability of the Social Security system. Following significant layoffs at the Social Security Administration, former Commissioner Michael Astrue warns that those advocating for change may not fully grasp the implications, potentially jeopardizing benefits. Correspondent David Pogue explores this critical issue in depth.

Bucket Lists: Dreams Realized

Turning to lifestyle segments, a recent survey revealed that 90% of respondents have crafted bucket lists, often featuring thrilling escapades such as skydiving. Correspondent Susan Spencer delves into the essentials of creating a bucket list and presents the inspiring story of an 83-year-old woman who fulfilled her dream of driving a race car, supported by AARP’s Wish of a Lifetime program.

The FIRE Movement

In another inspiring piece, correspondent Luke Burbank talks to Nik and Adinah Johnson, who retired in their 40s to embrace family time and pursue personal projects. They are part of the Financial Independence, Retire Early (FIRE) movement, which emphasizes frugality and a transformative relationship with money. Vicki Robin, co-author of “Your Money or Your Life,” contributes insights on achieving financial independence.

Retirement Abroad

Furthermore, rising numbers of Americans are considering retirement overseas. Correspondent Seth Doane features ex-pats who now call Gozo, Malta, home, highlighting the allure of lower living costs and the adventure of new experiences. Jennifer Stevens of International Living offers practical advice for those contemplating such a transition.

The Architect of the 401(k)

In a historical piece, correspondent Kelefa Sanneh sits down with Ted Benna, the pioneer behind the first 401(k) plan, introduced in 1981. This innovative solution not only relieved corporations of pension responsibilities but also shifted the onus of retirement savings to employees. Benna reflects on the changes in financial planning amidst volatile stock market conditions.

The Rise of “Grandfluencers”

The evolution of social media content creators known as “grandfluencers” is also explored. Diane Shiffer, popularly known as YourChubbyVintageNana on TikTok, shares her journey of gaining nearly two million followers through her vibrant online persona. Correspondent Faith Salie discusses this trend featuring older adults leveraging social media for new careers.

Veterans of the Skies

For aviation enthusiasts, Lee Cowan takes viewers to the Davis Monthan Air Force Base, where retired military aircraft find their final resting place in a warm desert setting. The investigative report highlights the ongoing missions of these historic planes and features the Planes of Fame Air Museum.

The Legacy of Cheech and Chong

Comedic legends Cheech Marin and Tommy Chong revisit their roots and discuss their latest film, “Cheech and Chong’s Last Movie.” This light-hearted segment reveals their reflections on aging and the legacy they’ve created in the comedy world.

Community Living Inspired by Jimmy Buffett

Lastly, Martha Teichner takes us to Latitude Margaritaville, a vibrant 55+ community inspired by the legendary musician Jimmy Buffett. Here, retirees cultivate camaraderie in a lively environment reminiscent of tropical locales.

Chimps Enjoying Retirement

In a heartwarming conclusion, correspondent Conor Knighton showcases Chimp Haven, a sanctuary in Louisiana, where retired chimpanzees spend their days in comfort, many of whom have previously contributed to scientific research.

This episode of “Sunday Morning” promises to deliver insightful stories and vibrant discussions on topics that resonate deeply with viewers seeking to secure their financial futures.