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An Australian boomer retired in Thailand on an $18,000 annual pension. He saves almost half his income and can still travel the world.

Wed, 08/14/2024 - 06:03

Tech Insider : Economy, Economy, Travel

Older man pulling a suitcase — John Walker, 73, (not pictured) moved to Thailand from Australia. He retired and is living on his $18,000 annual pension.
PixelsEffect / Getty Images

economy, finance, economy, finance, Retirement, 401k-account, pension

Millennial and Gen Z retirements might actually be OK while boomers and Gen X could struggle. It's due to how savings have changed over time.

Tue, 08/13/2024 - 05:56

Tech Insider : Economy, Economy

A person is sitting at a table, which has stuff on it, and looking to the side. — Gen X and boomers are at greater risk of facing retirement shortfalls than younger generations, a new report said.
MoMo Productions/Getty Images

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

A peak boomer fears she can't retire with $2,000 Social Security payments — and may have to move in with her sons

Tue, 08/13/2024 - 05:56

Tech Insider : Economy

Becky Davenport — Becky Davenport has worked her whole life but fears she may never retire.
Becky Davenport

economy, finance, Retirement, social-security, peak-boomer, Alaska, Saving

A boomer lives on $1,601 monthly from Social Security and struggles to pay bills. She plans to wait a few more years until she touches her 401(k).

Sun, 08/11/2024 - 06:08

Tech Insider : Economy, Economy

A teacher handing out papers to elementary-age students — Maureen, 67, (not pictured) is a former elementary school teacher living on $1,600 a month in Social Security benefits.
Drazen Zigic / Getty Images

economy, finance, economy, finance, social-security, Retirement, 401k-account

A boomer lives on $1,800 monthly in Social Security and worries about her future: 'What am I going to do?'

Wed, 08/07/2024 - 06:03

Tech Insider : Economy, Economy

An older woman sits on the edge of a creek with her dog. — Ann Miller, 78, (not pictured) lives in a small town in Washington with her dog. She struggles to get by on her Social Security income.
SolStock / Getty Images

economy, finance, economy, finance, social-security, Retirement, Savings

9 countries where people can retire in comfort by 62

Sun, 07/28/2024 - 06:08

Tech Insider : Economy, Economy, Travel

A stock photo of two people sitting on a bench and looking out onto the water. — Retirement ages vary worldwide. In countries like Greece, Luxembourg, and South Korea, the normal retirement age is 62.
bluecinema/Getty Images

economy, finance, Retirement, economy, Travel, social-security, Greece

A boomer living on $1,680 Social Security and SNAP struggles to afford food: 'It has kept me very isolated.'

Thu, 07/25/2024 - 06:03

Tech Insider : Economy, Economy, Politics

An older woman standing in the produce aisle of a grocery store. — Rita, 68, (not pictured) lives check to check on Social Security in Illinois.
JAG IMAGES / Getty Images

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

A boomer gets just $1,056 a month in Social Security and works as a bus driver: 'I don't see myself being able to retire, but I'm grateful and healthy'

Sun, 07/21/2024 - 05:37

Tech Insider : Economy

Woman in her kitchen stares out the window — Emma Echols (not pictured) receives $1,056 a month in Social Security and has to supplement that income with her part-time bus driver job.
Laura Olivas

economy, finance, social-security, Retirement, Alabama, bus-drivers, 401k-account

A boomer living on $2,400 a month is waiting 8 years to collect maximum Social Security benefits, even though she's struggling to get by

Fri, 07/19/2024 - 10:19

Tech Insider : Economy, Economy

An older woman sitting outdoors — Diane Williams, 62, (not pictured) doesn't have enough savings to retire.
Image Source / Getty Images

economy, finance, economy, finance, Retirement, social-security, 401k-account

A boomer lives on $2,600 monthly from Social Security and his Walmart job: 'If I had $1 million, I don't know what I would do with it.'

Sun, 07/14/2024 - 06:03

Tech Insider : Economy, Economy

An older man walking on a hiking path — George Dziamniski, 62, (not pictured) lives off his Social Security income and part-time paycheck from Walmart.
Westend61 / Getty Images

economy, finance, economy, finance, Boomers, social-security, Savings

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