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Baby boomers living on $1,000 a month in Social Security share their retirement experience: 'I never imagined being in this position.'

Mon, 07/01/2024 - 05:47

Tech Insider : Economy, Economy

Older couple grocery shopping. — For many boomers without retirement savings, Social Security isn't enough to cover daily expenses.
Cavan Images / Getty Images

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

People aren't spending like they used to and it's forcing companies like Nike and Walgreens to make drastic changes

Sat, 06/29/2024 - 05:07

Tech Insider : Economy

Discount signs — American consumers are getting tighter with their wallets and pickier about deals.
Vickie Flores/In Pictures via Getty Images

Retail, economy, consumer-spending, walmart, household-finances, Savings, Costco

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

I retired at 34. At 46, I now need to go back to work.

Wed, 06/12/2024 - 07:17

A picture of a man with a city in the background. — Sam Dogen gave up financial freedom to give his family a bigger home.
Courtesy of Sam Dogen

finance, as-told-to, contributor-2024, early-retiree, fire, Retirement, Savings

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

The US economy is in a 'selective recession' as lower-income consumers can't cover the cost of living, JPMorgan says

Wed, 05/22/2024 - 11:33

Tech Insider : Economy

recession outlook — zhuweiyi49/Getty Images

economy, Markets, Recession, recession-outlook, recession-outlook-2024, us-economy-outlook, consumer-spending

Millennials have a fresh take on the FIRE movement, and it's less about taking it easy in retirement

Sat, 05/18/2024 - 04:46

Tech Insider : Economy

Illustration of a man distracted at work on a gold course. — Andrea Chronopoulos for BI

economy, finance, Millennials, Retirement, freelance-illustration, fire, financial-independence

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

Many Americans have no idea how much they need to save for retirement — and the calculus is getting even more complicated

Thu, 05/09/2024 - 05:05

Tech Insider : Economy, Economy

Person paying or looking at bills — skynesher/Getty Images

economy, finance, economy, Retirement, Retire, Savings, retirement-savings

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