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The Wall Street Publication > Blog > World > This week on “Sunday Morning” (August 3): The Cash Situation
World

This week on “Sunday Morning” (August 3): The Cash Situation

Editorial Board Published August 3, 2025
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This week on “Sunday Morning” (August 3): The Cash Situation
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Jane Pauley hosts our annual “Money Issue,” this 12 months specializing in securing a satisfying retirement. 

“Sunday Morning” Retirement GuideResources to assist with planning a financially wholesome retirement.     

COVER STORY: How secure is our Social Safety security internet?The Social Safety Administration was already at its smallest measurement in 50 years when, in early 2025, Elon Musk’s DOGE workforce eradicated one other 14% of its workers. Former Social Safety Administration commissioner Michael Astrue says these within the Trump administration attempting to drive change don’t perceive the system and will put advantages in danger. Correspondent David Pogue studies. [Originally broadcast April 13, 2025.]

        LIFESTYLE: The attract of bucket listsA current research confirmed 9 out of 10 contributors have made a bucket record, lots of which embody daring feats, like skydiving. Correspondent Susan Spencer seems into the do’s and don’ts of creating a bucket record, and joins an 83-year-old who will get to dwell her dream of driving a race automotive, due to Want of a Lifetime from AARP. [Originally broadcast April 13, 2025.]

For more information:

       LIFESTYLE: How the FIRE motion is inspiring early retireesNik and Adinah Johnson retired of their forties to spend time with their children, play golf and produce podcasts … and so they’re not alone. They’re a part of a motion that appears at work somewhat otherwise – as a method to an finish. It’s referred to as FIRE (Monetary Independence, Retire Early). They clarify to correspondent Luke Burbank how frugality enabled them to stop the rat race (and might help you accomplish that, too). However doing so would possibly imply altering your relationship with cash, Vicki Robin (co-author of “Your Money or Your Life”) tells Burbank.

For more information: 

“Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence [Revised and Updated Edition]” by Vicki Robin and Joe Dominguez (Penguin Books), in Commerce Paperback, eBook and Audio Codecs, out there by way of Amazon, Barnes & Noble and Bookshop.org
“Playing with FIRE (Financial Independence Retire Early): How Far Would You Go for Financial Freedom?” by Scott Rieckens (New World Library), in Commerce Paperback, eBook and Audio Codecs, out there by way of Amazon, Barnes & Noble and Bookshop.org
“Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence” by Jacob Lund Fisker (CreateSpace), in Commerce Paperback, eBook and Audio codecs, out there by way of Amazon and Barnes & Noble

      WORLD: Individuals in search of retirement overseasA decrease price of residing, and a way of journey, are main increasingly Individuals to retire abroad. Correspondent Seth Doane talks with ex-pats who now dwell fulltime on the Mediterranean island of Gozo, a part of the Maltese archipelago; and with Jennifer Stevens, government editor of Worldwide Dwelling, which affords recommendation and seminars for these contemplating residing or retiring overseas. [Originally broadcast April 13, 2025.]

For more information:

       FINANCE: The daddy of the 401(ok)In 1981, Ted Benna created the primary 401(ok) plan, which allowed firms to contribute, tax-free, to employees’ retirement accounts. That allowed corporations to get out of the pension enterprise, however gave workers extra accountability over their retirement funds. “Sunday Morning” contributor Kelefa Sanneh talks with Benna about how an obscure tax-code provision led to our present monetary planning for retirement (and, at a time of precipitous inventory market shocks, extra angst). [Originally broadcast April 13, 2025.]

For more information:

       TECHNOLOGY: Meet the “grandfluencers”After Diane Shiffer retired from working as an educator and social employee, she took on a brand new calling: as a social media “grandfluencer.” Identified on TikTok as YourChubbyVintageNana, she now has almost two million followers throughout platforms, as she goes all-in on “the Nana vibe.” Correspondent Religion Salie talks with Shiffer, and with Barbara Costello, of Brunch With Babs, each a part of a rising variety of older content material creators who’re discovering audiences and post-retirement careers in social media. [Originally broadcast April 13, 2025.]

For more information:

U.S.: A warplane retirement homeAt Davis Monthan Air Drive Base in Tucson, the Arizona desert warmth is the retirement setting for a few of our nation’s most heralded army plane. Correspondent Lee Cowan investigates the mission these classic craft nonetheless carry out at this time. He additionally visits the Planes of Fame Air Museum, in Chino, Calif., the place previous, restored warbirds as soon as once more take to the skies. [Originally broadcast April 13, 2025.]

For more information:

MOVIES: Cheech and Chong: Older and wiserThe comedy duo Richard Anthony “Cheech” Marin and Thomas Chong made their names and fortunes enjoying laid-back potheads. Now 79 and 87, respectively, they’re again on film screens in “Cheech and Chong’s Last Movie” (which is probably not an correct title). The most effective buds talked with correspondent Tracy Smith about their legacy. [Originally broadcast April 13, 2025.]

To observe a trailer for “Cheech and Chong’s Last Movie” click on on the video participant beneath:

Cheech & Chong’s Final Film [Official Trailer] byCheech and Chong’s Final Film onYouTube

For more information:

       COMMUNITY: Not precisely losing away on this MargaritavilleLatitude Margaritaville, a 55+ neighborhood, is impressed by the vibes of the late musician Jimmy Buffett. It’s simply one of many 800 lively grownup communities within the U.S., the place retirees are discovering neighborhood, and extra. Correspondent Martha Teichner studies from the Daytona Seashore neighborhood the place it’s all the time 5 o’clock. [Originally broadcast April 13, 2025.]

For more information:

Drew Barrymore on the duvet of AARP: The Journal.

AARP

MEDIA: AARP and the enterprise of an getting old audienceAARP started as an advocacy group for older Individuals involved about Social Safety, Medicare, and household caregiving. At this time it represents 110 million Individuals within the 50+ demographic who’re residing longer and retiring later. “Sunday Morning” nationwide correspondent Robert Costa talks with AARP’s CEO, Dr. Myechia Minter-Jordan, and editorial director Myrna Blyth, in regards to the group’s significance to an more and more necessary goal group for advertisers; and with actress and discuss present host Drew Barrymore, who at age 50 has embraced being on the duvet of AARP: The Journal. [Originally broadcast April 13, 2025.]

For more information:

     ANIMAL WELFARE: A go to to chimpanzee sanctuary Chimp HavenMore than 300 residents spend their retirement years at Chimp Haven, a sanctuary for chimpanzees, that’s unfold out throughout 200 acres in Northwest Louisiana. Correspondent Conor Knighton studies on the particular care given to chimps of all ages, lots of whom have given a lot of their lives to scientific analysis. [Originally broadcast April 13, 2025.]

For more information:

     NATURE: Chimpanzees in LouisianaWe go away you this Sunday with retired chimps residing the great life at Chimp Haven in Northwest Louisiana. Videographer: Mike Hernandez. 

         

WEB EXCLUSIVES:

Notable Deaths in 2025

Notable Deaths in 2025

47 pictures

GALLERY: Notable deaths in 2025A look again on the esteemed personalities who left us this 12 months, who’d touched us with their innovation, creativity and humanity.  

DVR Alert! Discover out when “Sunday Morning” airs in your metropolis 

You may also obtain the free “Sunday Morning” audio podcast at iTunes and at Play.it. Now you’ll by no means miss the trumpet!

Extra from CBS Information

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