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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

A 63-year-old working 2 jobs is worried about retirement. She says she's been overeducated and underpaid her entire career.

Wed, 05/15/2024 - 10:57

Tech Insider : Economy

A hand puts coins into a jar labeled — Cathy said she's nervous about retirement even though she's worked her whole life and has a master's degree.
Pinkomelet/Getty Images

economy, finance, Retirement, peak-boomer, boomer, masters-degree, Minnesota

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

Gen X can add one more financial problem to its list

Thu, 05/09/2024 - 10:23

Tech Insider : Economy, Economy

Gen X woman on a train — Gen Xers are already dealing with their own economic concerns.
FG Trade/Getty Images

economy, finance, economy, social-security, social-security-benefits, Retirement, retirement-crisis

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

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