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.
The Supreme Court convenes Thursday to consider whether former President Donald Trump is entitled to broad immunity from criminal charges in the 2020 election case.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Follow live updates of Donald Trump's New York criminal trial, where former National Enquirer boss David Pecker is testifying for the third day.
As Israel's leader equates U.S. university protests to rallies in Nazi Germany, Palestinian students tell CBS News what the support means to them.
In an exclusive interview with CBS News' Norah O'Donnell, Pope Francis called for "negotiated peace" in Ukraine and Gaza, noting the devastating effects war has on children.
An Arizona grand jury indicted 18 people in connection with an alleged attempt to use alternate electors after the 2020 election.
CDC's provisional figures show a 2% decline in births from 2022 to 2023.
William Ray Grimes was indicted on charges of murder and burglary in the 2012 slaying of Lowell Badger, police said.
Two sources briefed on the situation told CBS News the agent spouted gibberish, was speaking incoherently and provoked another officer physically.
Follow live updates of Donald Trump's New York criminal trial, where former National Enquirer boss David Pecker is testifying for the third day.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
A photo of the raft the man is believed to have used shows just a few long planks assembled together.
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.
More than two years after jet fuel leaked into the system supplying water to almost 93,000 people in Hawaii, families impacted are taking the U.S. government to trial.
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.
Coal-fired power plants would have to capture smokestack emissions or shut down under a new EPA rule the industry says would make the grid less reliable. It's likely to face court challenges.
Proponents say a sweeping ban on noncompete clauses should boost workers, but the new rules face serious legal challenges.
Egg prices are jumping as an outbreak of highly pathogenic avian influenza forces producers to slaughter millions of infected birds.
New Transportation Department rules could save consumers $500 million annually, Transportation Secretary Pete Buttigieg said.
Follow live updates of Donald Trump's New York criminal trial, where former National Enquirer boss David Pecker is testifying for the third day.
Coal-fired power plants would have to capture smokestack emissions or shut down under a new EPA rule the industry says would make the grid less reliable. It's likely to face court challenges.
The Supreme Court convenes Thursday to consider whether former President Donald Trump is entitled to broad immunity from criminal charges in the 2020 election case.
An Arizona grand jury indicted 18 people in connection with an alleged attempt to use alternate electors after the 2020 election.
Two sources briefed on the situation told CBS News the agent spouted gibberish, was speaking incoherently and provoked another officer physically.
CDC's provisional figures show a 2% decline in births from 2022 to 2023.
Don't brush your teeth after breakfast? Or after vomiting? Dentists say it can wear away your enamel. Here's what to do instead.
Federal officials say they're double checking whether pasteurization has eradicated the danger from possible bird virus particles in milk.
For the first time, surgeons at NYU Langone Health performed a combined mechanical heart pump and gene-edited pig kidney transplant into a living person.
The USDA had floated banning flavored milk options from some school lunches.
The renowned Moulin Rouge cabaret venue's director has vowed to "rise to the challenge" after the windmill's sails fell off.
Taylor Swift fans have found a way to feel "a little bit closer to" their hero at a London watering hole, and The Black Dog pub is lapping it up.
As Israel's leader equates U.S. university protests to rallies in Nazi Germany, Palestinian students tell CBS News what the support means to them.
In an exclusive interview with CBS News' Norah O'Donnell, Pope Francis called for "negotiated peace" in Ukraine and Gaza, noting the devastating effects war has on children.
Two-year-old Tyler Fabregas asked his mother "Where's Beyoncé?" in a viral TikTok video she posted last week from Manila.
The renowned Moulin Rouge cabaret venue's director has vowed to "rise to the challenge" after the windmill's sails fell off.
Taylor Swift fans have found a way to feel "a little bit closer to" their hero at a London watering hole, and The Black Dog pub is lapping it up.
Jerry Seinfeld and Jim Gaffigan reunite in the new movie "Unfrosted," directed by Seinfeld. The film humorously depicts the 1963 race between cereal giants Kellogg's and Post to invent the first breakfast pastry, featuring Seinfeld as a fictional Kellogg's executive and Gaffigan as the CEO.
Two-year-old Tyler Fabregas asked his mother "Where's Beyoncé?" in a viral TikTok video she posted last week from Manila.
Country music star Blake Shelton expands his popular bar and music venue 'Ole Red' from Nashville to Las Vegas. This opening coincides with Shelton stepping back from his prominent TV roles.
Lawmakers argue the Chinese government can use the widely popular video-sharing app as a spy tool and to covertly influence the U.S. public.
NASA's Voyager 1, the first spacecraft to travel beyond our solar system, has started sending information back to Earth again after scientists managed to fix the probe from 15 billion miles away.
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.
Customers who rely on government assistance programs can get same perks as Prime members, for less.
Secretary of Commerce Gina Raimondo is at the center of a global competition for semiconductor dominance. It's a battle that also puts her at the center of two of the hottest global national security hotspots. Lesley Stahl of 60 Minutes spoke with Raimondo for the broadcast.
Emerging cicadas are so loud in one South Carolina county that residents are calling the sheriff's office asking why they can hear a "noise in the air that sounds like a siren, or a whine, or a roar." CBS News' John Dickerson has details.
Representatives from across the world are gathering in Ottawa, Canada, to negotiate a potential treaty to limit plastic pollution. CBS News national environmental correspondent David Schechter has the latest on the talks.
"Although to some, the noise is annoying, they pose no danger to humans or pets," the sheriff wrote. "Unfortunately, it is the sounds of nature."
The White House is considering declaring a national climate emergency to unlock federal powers and stifle oil development, according to a Bloomberg report. Meanwhile, the Biden administration is announcing several projects this Earth Week. Columbia University Climate School professor Dr. Melissa Lott joins with analysis.
NASA's Voyager 1, the first spacecraft to travel beyond our solar system, has started sending information back to Earth again after scientists managed to fix the probe from 15 billion miles away.
A New York appeals court overturned Harvey Weinstein's 2020 conviction on felony sex crimes. The court ruled that the disgraced movie mogul did not have a fair trial because the judge who presided over the case allowed women to testify about allegations that were not part of the charges against him. Weinstein will remain in prison because of his rape conviction in Los Angeles.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
William Ray Grimes was indicted on charges of murder and burglary in the 2012 slaying of Lowell Badger, police said.
All this week, CBS News has been investigating online romance scams. In this final installment, Jim Axelrod looks at what law enforcement and lawmakers can do -- but also why it's important for the online dating industry to police itself.
Paul Grice, 31, was arrested and charged by Oklahoma authorities with murder and kidnapping in connection to the deaths of Veronica Butler and Jilian Kelley.
In November 2023, NASA's Voyager 1 spacecraft stopped sending "readable science and engineering data."
In two weeks, Boeing's Starliner spacecraft is scheduled to launch its first piloted test flight, bringing two veteran NASA astronauts to the International Space Station. Astronaut Matt Dominick joined CBS News from the ISS to talk about the mission and life in space.
A process called cryopreservation allows cells to remain frozen but alive for hundreds of years. For some animal cells, the moon is the closest place that's cold enough.
The Lyrid meteor show is set to peak as the week begins.
April's full moon, known as the Pink Moon, will reach peak illumination on Tuesday, but it will appear full from Monday morning through Thursday morning.
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.
Former President Donald Trump's lawyers are in for a long day with the Supreme Court hearing Trump's immunity claim in Washington, D.C., and testimony resuming in his "hush money" case in New York. CBS News' Rob Legare and Errol Barnett have the latest on the two cases. And CBS News legal analyst Rikki Klieman has a breakdown of the New York case.
A New York appeals court overturned Harvey Weinstein's 2020 conviction on felony sex crimes. The court ruled that the disgraced movie mogul did not have a fair trial because the judge who presided over the case allowed women to testify about allegations that were not part of the charges against him. Weinstein will remain in prison because of his rape conviction in Los Angeles.
A Kansas woman is found dying from a gunshot wound. Evidence at the scene doesn’t add up, so a prosecutor gets creative. "48 Hours" correspondent Erin Moriarty reports Saturday, April 27 at 10/9c on CBS and streaming on Paramount+.
On this edition of CBS Mornings Deals, Elizabeth Werner shows us items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Jerry Seinfeld and Jim Gaffigan reunite in the new movie "Unfrosted," directed by Seinfeld. The film humorously depicts the 1963 race between cereal giants Kellogg's and Post to invent the first breakfast pastry, featuring Seinfeld as a fictional Kellogg's executive and Gaffigan as the CEO.