Elementary ‐ Global View ‐ Social Security (C0163)
A: Well that was an interesting documentary!
B: For sure! I didn’t really understand some ofthe technical jargon they used inthe film when they talked about social security in the US.
A: Like what?
B: Well, they mentioned how people put away money in something called a 401K?
A: Yeah, I know it sounds weird, but a 401k is a type of retirement plan that allows employees to save and invest for their own retirement Through a you can authorize your employer to deduct a certain amount of money from your paycheck and invest it inthe plan Everyone tries to contribute as much as possible so that when you retire, you can rest peacefully on your nest egg.
B: That’s interesting and logical I guess. In my country, we also have to contribute to a governmentrun retirement fund, but most people don’t really
trust itso they just invest in properties or things like that.
A: That seems a bit unstable don’t you think?
B: Yeah, but corrupt governments inthe past have created distrust among banks and financial institutions, so now people prefer to have money hidden in a jar or a piggy bank.
A: I’ve been thinking of doing that lately! I don’t want some banker to run off with my money!
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EllaLiu_RG
1. a retirement plan 退休计划 2. jargon= slang 行话,俚语 3. deduct=take away扣除 4. distrust 不信任 5. corrupt 腐败 1. put away money = saving 省钱 2. nest egg 备用金 3. piggy bank 存钱罐
睡不着的孩子
飞梦梦
put away:save nest egg:money you saved for the good future piggy bank:children use it to save money
晴7柒
好喜欢女主播