Make Me Smart

Hey Smarties! There won’t be a livestream for “Economics on Tap” today. But don’t worry! We’ll be back next week. For now, we’re sharing an episode from our friends over at “This Is Uncomfortable.” Enjoy!

What happens to your retirement savings when you leave a job? And if you’ve forgotten about an old 401(k) account, how do you track that money down? That’s the mystery Reema is trying to solve this week, as she confronts her own financial anxiety and goes searching for retirement accounts left behind at previous jobs.

Along the way, she talks with retirement expert Geoffrey Sanzenbacher about just how common this is -- only about 15% of people roll their retirement savings over to a new employer's plan! And she asks behavioral economist Katy Milkman why this kind of chore feels so hard. Plus, brain hacks that will help you get through that daunting financial to-do list.

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We’re approaching graduation season for this year’s crop of college seniors. But along with all the celebrations, there’s an extra dose of uncertainty hanging in the air around new grads, as they face an extra-tough job market and the rise of AI. On today’s show, Kimberly talks to New York Times labor and workforce reporter Noam Scheiber, whose new book “Mutiny: The Rise and Revolt of the College-Educated Working Class” digs into the historical context for the environment today’s seniors are graduating into.

Here’s everything we talked about today:

”Mutiny: The Rise and Revolt of the College-Educated Working Class” by Noam Scheiber
”Young Graduates Face the Grimmest Job Market in Years” from The New York Times
”The Labor Market for Recent College Graduates” from The Federal Reserve Bank of New York
”College Graduates Are Struggling to Find Jobs. AI is Partly to Blame.” from CNBC
”U.S. Worker Thriving Declines as Job Market Pessimism Grows” from Gallup

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In the United States, recidivism rate, or the likelihood that a criminal re-enters the prison system after being released, is among the highest in the world. The state with the highest reincarceration rate (within 3 years) is Delaware at 55.9 percent. While the lowest is Virginia at 17.9 percent.

Earlier this month, Kimberly moderated the 2026 Second Chance Forum at Georgetown University on the importance of second-chance employment programs to lowering recidivism rates in the United States. She sat down with two top law enforcement officials from across the aisle: Delaware Attorney General and Democrat, Kathy Jennings and Pennsylvania Attorney General and Republican, Dave Sunday.

Today’s podcast is an edited version of their conversation. To listen to the full panel discussion, click the link below:

2026 Second Chance Forum: Barriers to Breakthroughs — How Second Chances Are Driving Success

We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email [email protected].

Are you team camping or glamping? On today’s show, we’re checking in on the outdoor recreation economy in the Western United States. KUNC’s Mountain West News Bureau reporter Rachel Cohen joins Kimberly to unpack the pressures facing the industry, from climate change to Trump administration policies. Plus, will President Trump’s new $100 foreign tourist fee hurt national parks?

Here’s everything we talked about today:

"The Mountain West’s outdoor economy continues to grow – but pace may be slowing" from KUNC
"Ski resorts gain year-round adaptability in Forest Service rule" from KUNC
"Visits to national parks dipped slightly in 2025—after a record-breaking year" from KUNC
"Forest Service plans to move D.C. headquarters to Salt Lake City" from KUNC

We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email [email protected].

The labor force participation rate in the U.S. has fallen to the lowest level it’s been since 1977 (aside from the during the height of the pandemic). One reason for the decline? President Trump’s immigration crackdown. University of Colorado Boulder economist Chloe East joins Kimberly to break down the unexpected ways restrictive immigration policies affect the labor market, and trends she’s paying attention to during this second Trump administration.