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A third of Americans plan to retire on Social Security alone, but it may not be enough to get by

Fri, 08/16/2024 - 06:03

Tech Insider : Economy, Economy

Retired couple standing on a cruise ship. — About a third of Americans plan to rely on Social Security income during retirement.
David Sacks / Getty Images

economy, finance, economy, finance, personal-finance, Retirement, 401k-account

A peak boomer fears she can't retire with $2,000 Social Security payments — and may have to move in with her sons

Tue, 08/13/2024 - 05:56

Tech Insider : Economy

Becky Davenport has worked her whole life but fears she may never retire.
Becky Davenport

economy, finance, Retirement, social-security, peak-boomer, Alaska, Saving

A 'peak boomer' working in Germany plans to retire in the US because he believes the healthcare is better

Wed, 07/24/2024 - 06:03

Tech Insider : Economy, Economy, Travel

A photo of George in Munich, Germany. George is an American who lives and works abroad. — George, an American, lives and works in Munich. He loves the lifestyle but plans on retiring in the US for Medicare benefits.
Courtesy of George

economy, Careers, economy, Travel, Careers, Expats, Germany

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

From ALICEs to FIREs: Your complete guide to America's weird new tribes

Mon, 06/17/2024 - 06:00

Tech Insider : Economy

Toy versions of Geriatric Millenials, Peak Boomers, and FIRE — Jimmy Simpson for BI

Can you spot the difference between an ALICE and a HENRY? Are you too much of a dingus to know your DINKs? Would you ever consider joining the FIRE movement?

economy, Discourse, dink, alice, henrys, geriatric-millennial, peak-boomer

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

economy, finance, economy, finance, personal-finance, Retirement, 401k-account

economy, finance, Retirement, social-security, peak-boomer, Alaska, Saving

economy, Careers, economy, Travel, Careers, Expats, Germany

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

economy, Discourse, dink, alice, henrys, geriatric-millennial, peak-boomer

economy, finance, Retirement, boomer, peak-boomer, Texas, new-york

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

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