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America's poverty line is letting millions slip through the cracks — here's how we could fix it

Mon, 06/17/2024 - 14:46

Tech Insider : Economy, Politics, Economy

Hands breaking a line graph representing a poverty trend — Many argue the poverty line is an outdated measurement. But it may not go away anytime soon.
Getty Images; Alyssa Powell/BI

economy, finance, politics, economy, Poverty, poverty-line, poverty-cycle

A retired couple gets $23 monthly from SNAP and uses credit cards to buy groceries. They worry about going hungry.

Mon, 06/17/2024 - 12:51

Tech Insider : Economy, Economy, Politics

Woman pushing a shopping cart — Millions of low-income families are on SNAP but struggle to afford the full cost of groceries.
SDI Productions / Getty Images

economy, finance, economy, finance, politics, snap, income-inequality

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

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