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Americans who moved to Latin America for cheaper retirement, starting a new life, and better work options explain the pros and cons

Thu, 06/06/2024 - 05:58

Tech Insider : Economy

Cheryl Sands (left) and Janet Sussman (right) — Cheryl Sands (left) and Janet Sussman (right) both moved to Central America.
Cheryl Sands/Janet Sussman

Real Estate, economy, latin-america, Moving, cost-of-living, Retirement, costa-rica

A baby boomer who saved over $2 million for retirement explains what he thinks he did right to make the system work for him

Wed, 06/05/2024 - 04:31

Tech Insider : Economy, Economy

retired couple relaxing in the backyard — Mark (not pictured) is enjoying a comfortable retirement.
Karl Hendon/Getty Images

economy, finance, economy, Retirement, retirement-advice, retirement-budget, retirement-benefits

How a peak boomer who moved from Texas to a tiny home in New York lives 'perfectly comfortably' on less than $30,000 a year

Tue, 06/04/2024 - 09:29

Tech Insider : Economy

Sam Mitchell and his dog — Sam Mitchell lives in a tiny home in upstate New York and a trailer home in Florida.
Sam Mitchell

economy, finance, Retirement, boomer, peak-boomer, Texas, new-york

A boomer couple lives on Social Security and receives $23 a month from SNAP for food: 'How are we to survive?'

Sun, 06/02/2024 - 06:03

Tech Insider : Economy, Economy, Politics

Older adult couple facing away from the camera — Mary Dacus, 69, said she and her husband (not pictured) live off their Social Security income.
Image Source / Getty Images

economy, finance, economy, finance, politics, Retirement, social-security

Middle-class Gen Xers are facing a new retirement challenge: their student loans

Thu, 05/30/2024 - 05:58

Tech Insider : Economy, Economy

A man frowning at his computer. — FG Trade/Getty Images

economy, economy, Retirement, student-loan, student-loans, student-loan-relief, student-loan-debt

Social Security's 2025 bump is projected to be the smallest in 5 years

Mon, 05/27/2024 - 15:58

Tech Insider : Economy

Grocery shopping — Food inflation is hitting older adults hard.
DEAN HINDMARCH/Getty Images

economy, social-security, cost-of-living, older-americans, Inflation, food-prices

Baby boomers are approaching 'peak burden' on the economy

Sun, 05/26/2024 - 13:52

Tech Insider : Economy, Economy

baby boomer — REUTERS/Mike Blake

The baby-boomer "time bomb" is finally upon us, economists say.
All boomers will be at least 65 soon, the generation's point of "peak burden" on the economy.
Future generations can take solace in the fact that no boomer-size generations are in the making.

A time bomb has been ticking in the US.

economy, Markets, baby-boomers, Boomers, Millennials, gen-z, economy

Meet a couple with 5 kids who are barely making it despite working 4 jobs: 'It shocks me that $100k feels like poverty'

Thu, 05/16/2024 - 09:33

Tech Insider : Economy

April Schultz and her husband — April Schultz and her husband make about $130,000 a year but barely have money for savings.
April Schultz

economy, finance, alice, millennial, Retirement, social-security, Moving

A 63-year-old working 2 jobs is worried about retirement. She says she's been overeducated and underpaid her entire career.

Wed, 05/15/2024 - 10:57

Tech Insider : Economy

A hand puts coins into a jar labeled — Cathy said she's nervous about retirement even though she's worked her whole life and has a master's degree.
Pinkomelet/Getty Images

economy, finance, Retirement, peak-boomer, boomer, masters-degree, Minnesota

10 cities where Social Security and retirement incomes are the highest

Tue, 05/14/2024 - 05:59

Tech Insider : Economy

Arlington, Virginia. — Arlington, Virginia, retirees have the highest retirement income nationwide.
Nate Hovee

economy, finance, Retirement, Income, Savings, Virginia, arlington

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