Two-thirds of boomers nearing 65 don't have enough saved for retirement
The U.S. is reaching "peak 65," marking the largest retirement wave in American history. But the financial outlook for many is grim.
The U.S. is reaching "peak 65," marking the largest retirement wave in American history. But the financial outlook for many is grim.
Americans are underprepared for retirement, with the average account holding just $88,400 in savings.
BlackRock CEO Larry Fink said that longer life expectancies are "putting the U.S. retirement system under immense strain."
About 1 in 8 workers think they'll retire by age 61. But the reality of saving for decades of expenses is daunting.
America's retirement system has left behind 90% of workers. "We see big gaps with the rich and the poor in terms of who gets to retire," one expert said.
Former "Monty Python" star Eric Idle said people "always assume we're loaded." He added, "I have to work for my living."
How far retirees are able to stretch their savings depends largely on where they choose to settle down, one analysis shows.
Only about 1 in 10 Americans understands the basics of longevity, or how long they'll live in retirement. Can you pass the test?
Over the next few years, the U.S. could see a surge in seniors living in poverty, one retirement expert predicts.
The gap between what people think they'll need for old age and their actual savings is massive, even for those nearing retirement.
Seniors and other recipients of the Social Security program may get a cost-of-living adjustment of 3.1% next year, one forecast says.
Even a brief interruption in plan contributions can affect people's financial goals years down the road, experts say.
Divorced people can often collect benefits under the federal retirement program based on their ex-spouse's work history.
An estimated 60 million Americans live in households with two or more adult generations, according to numbers from the Pew Research Center.
Eliminating or lifting the tax cap would help stabilize Social Security, while also being fairer to most Americans, experts say.
A juror who was chosen to serve earlier this week said she "definitely has concerns now" after friends and family asked her if she was a juror.
The Supreme Court will consider Monday whether bans on public camping constitute "cruel and unusual punishment" barred by the Eighth Amendment.
Health officials are warning consumers not to consume the Infinite Herbs basil sold at Trader Joe's after 12 people were sickened.
A man who spent more than 20 years in prison for murdering two married Darthmouth College professors back in 2001 has been granted parole.
Organic option is best when buying certain produce, especially blueberries, nonprofit group says in analysis of chemical residues.
Guitar legend Dickey Betts, who co-founded the Allman Brothers Band and wrote their biggest hit, "Ramblin' Man," has died.
Sen. Maria Cantwell is backing an amended bill that could lead to a ban of TikTok in the U.S.
A woman fell 140 feet to her death while hiking on Bear Mountain in Sedona, a scenic Arizona mountain town and popular tourist destination.
Several of Robert F. Kennedy Jr.'s brothers and sisters are endorsing the president even as their brother makes his own bid for Biden's job.
Scientists are using a range of tools to protect the endangered wildlife that could disappear in coming decades.
Guitar legend Dickey Betts, who co-founded the Allman Brothers Band and wrote their biggest hit, "Ramblin' Man," has died.
Sen. Maria Cantwell is backing an amended bill that could lead to a ban of TikTok in the U.S.
Health officials are warning consumers not to consume the Infinite Herbs basil sold at Trader Joe's after 12 people were sickened.
The Supreme Court will consider Monday whether bans on public camping constitute "cruel and unusual punishment" barred by the Eighth Amendment.
Sen. Maria Cantwell is backing an amended bill that could lead to a ban of TikTok in the U.S.
Health officials are warning consumers not to consume the Infinite Herbs basil sold at Trader Joe's after 12 people were sickened.
Nine workers arrested after demonstrations at the tech giant's offices n New York and California.
House Speaker Mike Johnson is including the TikTok divest-or-ban bill in an aid package for Ukraine and Israel.
The U.S. is reaching "peak 65," marking the largest retirement wave in American history. But the financial outlook for many is grim.
Sen. Maria Cantwell is backing an amended bill that could lead to a ban of TikTok in the U.S.
The Supreme Court will consider Monday whether bans on public camping constitute "cruel and unusual punishment" barred by the Eighth Amendment.
House Speaker Mike Johnson is including the TikTok divest-or-ban bill in an aid package for Ukraine and Israel.
A juror who was chosen to serve earlier this week said she "definitely has concerns now" after friends and family asked her if she was a juror.
Former President Donald Trump met Wednesday in New York with Polish President Andrzej Duda, the latest in a series of meetings with foreign leaders as Europe braces for the possibility of a second Trump term.
Health officials are warning consumers not to consume the Infinite Herbs basil sold at Trader Joe's after 12 people were sickened.
A landmark review for Britain's National Health Service found young people have been let down by "remarkably weak" evidence backing medical interventions in gender care.
Organic option is best when buying certain produce, especially blueberries, nonprofit group says in analysis of chemical residues.
British lawmakers have backed legislation that would see the legal age to buy tobacco increase by one year every year until it's eventually banned.
A new generation of deodorant products promise whole-body odor protection. Should you try one? Dermatologists share what to know.
Dubai is known for using planes to help prompt precipitation over the region. But experts say it did not play a role in this week's historic downpour.
The man faces seven charges related to drug importation and dealing and 12 other charges. He faces life in prison, officials said.
A cloud of black ash reached nearly two miles into the air on Thursday, officials said, as several people were reportedly hit by gravel and rocks, requiring "intensive treatment."
A landmark review for Britain's National Health Service found young people have been let down by "remarkably weak" evidence backing medical interventions in gender care.
William, the Prince of Wales, spent weeks out of public view to be there for Kate as she undergoes treatment for an unspecified cancer.
Guitar legend Dickey Betts, who co-founded the Allman Brothers Band and wrote their biggest hit, "Ramblin' Man," has died.
The significance of the song was amplified by praise from music legend Paul McCartney, who called the recording "magnificent" and appreciated its reinforcement of the civil rights message he intended when writing "Blackbird."
The singers first dated in 2003 and delighted fans when they rekindled their relationship in 2023.
In the second season of "The Big Door Prize," Chris O'Dowd's character, Dusty, navigates new challenges as the mysterious Morpho Machine continues to transform his small town by revealing residents' potential lives.
Jay Jurden's star has been on the rise for the last few years, landing him on multiple "Comics to Watch" lists. He was a writer on the Apple TV Plus show "The Problem with Jon Stewart." His comedy album "Jay Jurden, Y'all" debuted at No. 1 on iTunes in 2020. We asked the up-and-coming comedian to meet us at one of his favorite spots for his first TV interview — and for a little surprise.
Sen. Maria Cantwell is backing an amended bill that could lead to a ban of TikTok in the U.S.
U.S. Senators are pressing banks to take more actions to help victims of wire fraud. CBS News national consumer investigative correspondent Anna Werner has more on how Americans are being scammed.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Artificial intelligence has become so advanced it has now surpassed human performance in several basic tasks, according to a new report from Stanford University's Institute for Human-Centered Artificial Intelligence. Russell Wald, deputy director of the institute, joins CBS News to unpack more key findings from the study.
The former president's media company announced plans to air news, religious channels and other content.
Scientists are using a range of tools to protect the endangered wildlife that could disappear in coming decades.
Dubai is known for using planes to help prompt precipitation over the region. But experts say it did not play a role in this week's historic downpour.
A human jawbone containing several teeth was linked to a former U.S. Marine who died almost 75 years ago during a military exercise in California.
The recent births of Noreen and Antonia are boosting hopes of diversifying the endangered species.
Hurricane Maria nearly wiped out an endangered parrot in Puerto Rico, highlighting the grave threat climate change-fueled storms pose to endangered species.
The man faces seven charges related to drug importation and dealing and 12 other charges. He faces life in prison, officials said.
A juror who was chosen to serve earlier this week said she "definitely has concerns now" after friends and family asked her if she was a juror.
Sgt. Tony Anthony Mason Jr. was shot to death while sitting in a car with a woman he had been dating, according to police.
In an alibli court filing, lawyers for Bryan Kohberger, accused of fatally stabbing four University of Idaho students, claim he was "out driving" the night of the killings.
If approved, the settlement will be paid out by the Justice Department to 100 victims of Larry Nassar, who was convicted of sexual abuse and child pornography.
NASA confirmed Monday that a mystery object that crashed through the roof of a Naples, Florida home last month was space junk from equipment discarded by the space station.
NASA said it agrees with an independent review board that concluded the project could cost up to $11 billion without major changes.
It was a "bittersweet moment" as United Launch Alliance brought the Delta program to a close.
NASA flight engineers managed to photograph and videotape the moon's shadow on Earth about 260 miles below them.
Millions of Americans poured into the solar eclipse’s path of totality to watch in wonder. The excitement was shared across generations for the rare celestial event that saw watch parties across the country as almost all of the continental U.S. saw at least a partial solar eclipse.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Tesla is asking shareholders to vote again on a $56 billion pay package for CEO Elon Musk. This comes after the company announced layoffs that would impact its global workforce. Javier E. David, CBS News contributor Javier David has more.
U.S. Senators are pressing banks to take more actions to help victims of wire fraud. CBS News national consumer investigative correspondent Anna Werner has more on how Americans are being scammed.
Several Kennedy family members will endorse President Biden's reelection bid Thursday in Philadelphia. Some members of the renowned family have already opposed Robert F. Kennedy Jr.'s independent campaign for president. CBS News' Aaron Navarro reports.
Secretary of State Antony Blinken reiterated the need for additional funds to aid Ukraine in its war against Russia during a bilateral meeting with Ukrainian Foreign Minister Dmytro Kuleba at the G7 foreign ministers' meeting in Capri, Italy. CBS News' Olivia Gazis reports.
Israeli Prime Minister Benjamin Netanyahu is pushing back on calls from allies to use restraint as he weighs options for a reprisal attack against Iran. CBS News foreign correspondent Debora Patta and BBC News correspondent James Landale report.