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Welcome to 'peak boomer' era: A wave of retirees is about to blow through their savings and cling to Social Security to stay afloat

Wed, 06/19/2024 - 05:59

Tech Insider : Economy, Economy

Older couple walking on the beach — Peak boomers are getting ready to retire.
Alistair Berg/Getty Images

economy, finance, economy, Retirement, retirement-crisis, boomer, Boomers

Gen Xers and boomers are giving up on hybrid work: They're either all in or out on the office

Tue, 06/11/2024 - 05:58

Tech Insider : Economy

A woman sitting in office drinking coffee. — Over two-thirds of workers between the ages of 50-64 are working fully on-site.
Thomas M. Barwick/Getty Images

economy, finance, work-from-home, Hybrid, remote-work, boomer, gen-z

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 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

A 62-year-old employed 'peak boomer' in California makes too much for affordable housing but lives in her car: 'I'll work until I drop'

Mon, 05/06/2024 - 06:02

Tech Insider : Economy

Cheryl Simmons — Cheryl Simmons is a peak boomer who thinks she'll never be able to retire.
Cheryl Simmons

economy, finance, California, peak-boomer, boomer, Retirement, Homeless

The 'peak boomer' crisis might only get worse: A fifth of Americans 50 and up have no retirement savings, and the majority are worried they won't have enough money

Fri, 04/26/2024 - 10:33

Tech Insider : Economy, Economy

A senior looking through a pair of binoculars with coins at the end — Tyler Le/BI

economy, finance, economy, Retirement, Retire, retiree, retirement-benefits

I bought two homes with interest rates below 3.5%. It's hard work to get this kind of mortgage, but it was worth it.

Sun, 04/07/2024 - 05:47

Lori coryell and her husband. — Lori Coryell and her husband.
Courtesy of Lori Coryell

Real Estate, assumable-mortgage, Mortgages, loan-assumption, oregon-state, Oregon, veteran

A surprisingly large percentage of hiring managers don't want to hire Gen Zers — or older workers

Fri, 04/05/2024 - 05:09

a gen z remote worker drinking tea and working — Maria Korneeva/Getty Images

Careers, Careers, gen-z, Boomers, boomer, older-workers, Millennials

Meet a boomer who thought she'd be retired by now but wants to help her millennial son: 'I'm not going to sit back and watch him not be able to go buy groceries'

Sun, 02/11/2024 - 05:02

Tech Insider : Economy, Economy

older worker, boomer, baby boomer — Kelley Herford, not pictured, thought she'd be retired by now.
Compassionate Eye Foundation/Steven Errico/Getty Images

economy, economy, Retirement, retirement-crisis, boomer, Boomers, baby-boomers

I was skeptical about moving into a retirement community. But it's so much fun, and much easier on my adult children.

Fri, 02/09/2024 - 09:28

Deepa Andleigh in Priya Living's Santa Clara courtyard. — Deepa Andleigh in the courtyard of her senior community in Santa Clara, California.
Courtesy of Deepa Andleigh

Real Estate, real-estate, Retirement, indian, priya-living, boomer, senior

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