American Companies Used to Pay Workers Pensions — So Why Did They Stop?

For much of the 20th century, millions of American workers could expect a pension after spending decades with the same employer. A stable retirement income was once an important part of the traditional American job. So what happened? In this video, we explore the history of employer pensions in America, how traditional defined-benefit plans worked, and why many companies gradually shifted toward 401(k)s and other retirement savings plans. We’ll look at changing business practices, rising pension costs, workplace mobility, financial markets, government regulations, and the broader economic changes that reshaped retirement in America. Discover why the traditional company pension became less common—and how the change transformed the way Americans prepare for retirement. If you enjoy forgotten American history, workplace history, and stories about how everyday life changed over time, subscribe for more. #AmericanHistory #ForgottenHistory #WorkplaceHistory #Pensions #RetirementHistory #AmericanWorkers