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China is in the middle of its own retirement crisis as many older people cannot afford to stop working

Wed, 05/08/2024 - 12:57

Tech Insider : Economy

An elderly lady washing vegetables inside a tulou in Fujian, China. — Elderly lady washing vegetables inside a tulou in Fujian, China.
Sheng Li/Reuters

economy, China, china-population, retirement-crisis, population-crisis, us-retirement, Workers

A 64-year-old 'peak boomer' worries his savings and Social Security won't be enough to retire: 'My biggest fear is finding myself at 75 standing at the door at Walmart.'

Fri, 05/03/2024 - 11:59

Tech Insider : Economy, Economy, Politics

An older man sits on the beach, looking out at the sea — David Kirsch, 64, (not pictured) is worried his Social Security and 401(k) won't be enough to live off of in retirement.
Westend61 / Getty Images

economy, finance, economy, politics, Policy, Boomers, Retirement

America's facing a retirement disaster. There's a better way.

Tue, 04/16/2024 - 15:30

Tech Insider : Economy, Economy

Aerial view of Sydney Harbor, Australia — Australia requires that employers contribute to employees' retirement funds.
Michael Dunning / Getty Images

economy, finance, economy, finance, Retirement, Savings, 401k

Why saving for retirement has never felt scarier — or more confusing

Tue, 04/09/2024 - 05:27

Tech Insider : Economy

An empty savings jar with a label that says — Instead of a golden sunset to look forward to, retirement has become anxiety-inducing for many Americans.
iStock; Rebecca Zisser/BI

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

House Republicans want to raise the Social Security age. It could hurt those who 'work their whole lives and die sooner,' the agency's head says.

Fri, 03/22/2024 - 11:03

Tech Insider : Economy, Politics, Economy

Martin O'Malley at confirmation hearing for Commissioner of Social Security — Former Gov. Martin O'Malley (D-MD), President Biden's nominee to be the next Commissioner of Social Security, arrives to his confirmation hearing before the Senate Finance Committee at the Dirksen Senate Office Building on November 02, 2023 in Washington, DC.
Kevin Dietsch/Getty Images

economy, politics, economy, social-security, social-security-benefits, social-security-cuts, Retirement

Trump's campaign goes into damage-control mode after he suggests cutting Medicare and Social Security benefits

Mon, 03/11/2024 - 23:35

Tech Insider : Politics

Donal Trump — Donald Trump in a Monday interview with CNBC suggested entitlements like Social Security and Medicare benefits could be cut, sending his campaign into damage-control mode.
Spencer Platt/ Getty Images

politics, insider-news, donald-trump, social-security, Medicare

Meet the typical retiree: A married woman in her 70s living on $30,000 a year in Maine or Florida

Sun, 03/10/2024 - 04:51

Tech Insider : Economy, Economy

retired woman eating ice cream on the beach — Rawpixel/Getty Images

economy, finance, economy, Retirement, retirement-crisis, Retired, retirees

Just over half of Americans over the age of 65 are earning under $30,000 a year, and it shows how stark the retirement crisis is

Mon, 03/04/2024 - 10:45

Tech Insider : Economy, Economy

sad older man looking through the window in retirement — Westend61/Getty Images

economy, economy, Retirement, retirement-crisis, Retire, Retired, social-security

Gen Z like 'safety capitalism.' It's a lot like what we have now but with more help for people who lose their jobs or get sick.

Wed, 02/28/2024 - 10:37

Tech Insider : Economy, Economy

strikers — Some Gen Zers are pushing for an expanded social safety net. A Wake Forest researcher calls it "safety capitalism."
AP Photo/Paul Sancya

economy, Careers, economy, gen-z, Capitalism, Socialism, wake-forest

Gig driving was a glimmer of hope for many people with disabilities — but for some, it's a dead end.

Sun, 01/28/2024 - 06:18

Tech Insider : Economy

Image of a hand holding a phone in a car — iStock; Rebecca Zisser/BI

economy, gig-work, Driving, Uber, Lyft, disabilities, cost-of-living

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