How different was the world before today?

The Then & Now File

How different was the world before today?

Articles — Page 2

Your Grandparents Retired With a Guaranteed Paycheck — Why That World No Longer Exists
Finance

Your Grandparents Retired With a Guaranteed Paycheck — Why That World No Longer Exists

In the mid-20th century, millions of American workers retired with a defined pension that paid them a fixed income for life — no market risk, no guesswork, no spreadsheets required. Today, most of us are on our own with a 401(k) and a prayer. Here's how one of the biggest financial shifts in modern American history happened, and what it means for everyone planning their future right now.

Mar 13, 2026