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Boomers

The generation that may never retire: Why some millennials are behind on savings — and how they can catch up

Wed, 05/29/2024 - 04:56

Tech Insider : Economy, Economy

Magician holding wand over a hat, with a calculator displaying '$1,000,000' surrounded by sparkles and coins falling — Getty Images;Alyssa Powell/BI

A few years ago, Nathaniel Hudson-Hartman, 38, calculated that he'd need about $1.5 million in savings to retire comfortably in his sixties.

economy, finance, economy, Retirement, Millennials, Vanguard, Fidelity

I'm a boomer who's about to retire at 59. I'm nervous about retirement because I'll have less income and too much free time.

Mon, 05/27/2024 - 07:14

a woman standing at the end of a dock, looking out — The author, not pictured, is retiring early at 59.
Alistair Berg/Getty Images

Careers, Essay, psychology-freelance, life-success, Retirement, early-retirement, Boomers

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

I'm a boomer and retiring soon. I can't wait to do everything I want but don't have time for.

Wed, 05/15/2024 - 08:08

Well dressed senior couple dating together in city centre, old town — The author is jealous of her husband who is already retired, and can't wait to travel to Italy together.
Halfpoint Images/Getty Images

Careers, Essay, health, health-freelancer, Boomers

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

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

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

Meet the typical ALICE: Americans struggling to afford basic necessities but making too much to get help

Wed, 04/24/2024 - 06:04

Tech Insider : Economy

A cashier rings up a customer's groceries — ALICE workers often are in retail and food services.
Michael Nagle/Xinhua via Getty Images

economy, finance, alice, gen-z, Boomers, Poverty, Survival

Gen Zers are in their 'boycott era', even when it comes to which jobs they apply for

Wed, 04/17/2024 - 05:00

A young man walking next to an office building, wearing a suit. — Lisa5201/Getty Images

Careers, culture, gen-z, gen-zers, zoomers, Millennials, gen-x

Millennials may have an easier time buying homes in these 5 cities where boomers may actually give up their houses

Tue, 04/16/2024 - 16:42

Pittsburgh, Pennsylvania. — Pittsburgh is one of the cities where homeowners may be more likely to move and list their properties for sale.
Sean Pavone/Shutterstock

Real Estate, real-estate, Boomers, baby-boomers, Millennials, Homebuyers, Homeownership

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