social-security | iCloud.Info

social-security

A boomer who lives on Social Security worries she won't get hired because she can't afford a car: 'I don't even have $1 in my wallet.'

Fri, 06/14/2024 - 06:03

Tech Insider : Economy, Economy, Politics

An older woman sitting on a bench, facing away from the camera — Virginia Hambrick, 66, (not pictured) and her husband live on her $1,615 monthly Social Security income. They struggle to afford basic necessities like rent, groceries, and healthcare.
blackCAT / Getty Images

economy, finance, economy, finance, social-security, Boomers, Retirement

A boomer who struggled to afford retirement in the US moved to Costa Rica and said money is much less of a concern

Fri, 06/07/2024 - 05:58

Tech Insider : Economy

Cheryl Sands — Cheryl Sands recently moved from Illinois to Costa Rica.
Cheryl Sands

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

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

Subscribe to social-security