Retirement in America increasingly means working into old age, with most seniors unable to support themselves on Social Security and savings alone, according to noted retirement expert Teresa Ghilarducci. The reason: The nation’s retirement system has left behind the bottom 90% of workers, Ghilarducci told CBS MoneyWatch in discussing her new book, “Work, Retire, Repeat: […]
Tag: seniors
Seniors should be prepared for US debt default
With the odds of a U.S. debt default increasing, Social Security advocates warn beneficiaries they should be prepared in case their payments are interrupted. Negotiations around whether the nation’s ability to borrow money should be expanded have been ongoing, but Congress and the White House have yet to reach an agreement on the path forward. […]
Rising housing costs create senior homelessness
On a recent rainy afternoon in this small town just outside Glacier National Park, Lisa Beaty and Kim Hilton were preparing to sell most of their belongings before moving out of their three-bedroom, two-bathroom rental home. Hilton, who was recovering from a broken leg, watched from his recliner as friends and family sorted through old […]