The poverty rate is on the rise for older Americans
Poverty among Americans age 65 and older rose for the fifth consecutive year and has jumped roughly 45% since 2019 — the highest rate of any age group, an AARP…
Caregiving for kids and parents: The financial squeeze on millennials
Millions of Americans like Mayo are torn by the daily demands of raising children while supporting an aging or disabled family member, both financially and with physical care.
Gen Z switches retirement saving for sports betting
More than half of Gen Z adults ages 18 to 29 put money they had intended to invest for retirement into sports betting over the past year, according to a…
Older Americans are stepping out of the workforce. They can thank the roaring stock market.
The labor force participation rate among workers 55 and older never recovered after the pandemic shock and has dropped further since then.
How caregiving can take a toll on retirement savings
People who are caregivers for an aging parent, spouse, or other family member, face greater financial strain, lower retirement confidence, and more worry about the future — and millions of…
Retirees have questions for financial advisers. Here’s what they are asking
5 common questions retirees ask financial advisers
Retirees are turning to financial advisers ‘to know if they are on track’
About a quarter of retirees who have never worked with a financial adviser are now on board, double the number from five years ago.
Gen Xers and new era of economic instability: “Retirement Bites”
It’s precisely this climate of uncertainty that makes this month’s Color of Money Book Club pick so relevant. I’ve chosen “Retirement Bites: A Gen X Guide to Securing Your Financial…
Retirement’s roughest money decision may be spending your savings
Fewer than 1 in 3 retirees are comfortable drawing funds from their savings, and 7 in 10 say it's very important that their nest egg doesn't shrink in retirement
Americans are miscalculating their life spans — and risk not saving enough
Only 1 in 3 Americans can correctly identify how long a 65-year-old will typically live.