Bulletin Today | WorkYesterday I wrote about droves of older Americans who’d checked out of the workforce in April, perhaps because some were unemployed for a long time and had given up looking in a weak jobs market. But a few economists who’ve been studying the labor force see a more positive trend: they believe many of these people just plain retired. Economist Mark Zandi, in a USA Today report, says more employed workers than unemployed dropped out of the labor force last month. …
Bulletin TodayThe majority of Asian, African American and Hispanic retirees in the United States struggle to cover basic living expenses, according to new research from the non-profit Wider Opportunities for Women (WOW).
Bulletin TodayMillions of older adults are still paying off student loan debt. New research from the Federal Reserve Bank of New York found Americans 60 and older still owe about $36 billion in student loans.
Bulletin TodayNalcrest is a haven for retired mail carriers, and they’re “delivering a first-class protest” against the demise of the U.S. Postal Service.
Bulletin TodayHow much money will you need in retirement? Yes, it’s a big—and complicated—question. Many retirement planning exercises start by asking you to figure out how much income you’ll need to replace after you stop working. But looking solely at income isn’t enough, says the Employee Benefit Research Institute (EBRI). A new report from the nonprofit research group considers the intersection of income, expenses and savings in retirement.
Your LifeAfter reviewing employment data from the Bureau of Labor Statistics, the blog 24/7 Wall St. pinpointed the six cities or regions with the highest unemployment rates for Americans 65+, and five out of the six are places where general unemployment is actually below the national average.