Why many American seniors are forced to work in retirement
About one in five people over age 65, or approximately 11 million Americans, are still working.
Eye on America: Retirement
Only 1 in 5 workers nearing retirement is financially on track
A new study finds that the median retirement savings of people who are 55 is just $50,000, far from what experts recommend.
Millions of older workers are nearing retirement with nothing saved
Over the next few years, the U.S. could see a surge in seniors living in poverty, one retirement expert predicts.
Half of U.S. moms have no retirement savings
Despite a "lifetime of caring and working for their families," millions of mothers are completely unprepared for retirement, one expert said.
The millennial plan for retirement: Getting help from their kids
About 1 in 5 millennials is counting on their children to support them in old age, and less than half are banking on Social Security.
Why your credit cards shouldn't retire when you do
Retirees risk damaging their credit scores in retirement by reducing or eliminating their use of credit cards
Back to school: College towns woo retirees
As baby boomers leave the workforce and decide where to live, more retirement communities are springing up near colleges and universities
Back to the future technology spurs adults to save for retirement
An algorithm that visualizes your older self has been proven to motivate people to put away more money for the future
Don't use your 401(k) as a piggybank
Americans are increasingly using their retirement funds as a source for emergency cash -- big mistake
Data shows retirees better off today than 1950
For retirees, the "good old days" weren't nearly as golden as many seem to believe
Simply contributing to your 401(k) won’t guarantee you a secure retirement
Simply contributing to your 401(k) won’t guarantee you a secure retirement. CBS MoneyWatch contributor and financial advisor Ray Martin shares savings mistakes you need to avoid.
Biggest 401(k) mistakes and how to avoid them
Simply joining your 401(k) plan at work and contributing regularly won't ensure a secure retirement
Record cutbacks at Social Security as retirement claims surge
New report finds Social Security offices closing and services being slashed even as the system juggles more beneficiaries than ever before
Will you need long-term care insurance?
As we live longer, more people will need costly help later on, but it doesn't necessarily mean you should buy a policy for that
Finding a job when you're over 50
It's not easy, but by avoiding certain pitfalls and targeting the right opportunities, you can improve your chances
Successful retirees: The teacher and the jeweler
Plenty of savings is just one ingredient for a happy retirement, this California couple shows
Why all IRA choices aren't created equal
Should you go for a Roth or a traditional plan? Depending on your age and income, there may be a clear winner
Most Americans struggle to save for retirement
Anxiety is on the rise, as many find it hard to put money away while keeping up with the bills, CBS News poll finds
Reverse mortgages may be ready for a revival
After they took a hit during the recession, seniors are once again considering them; some new protections are available, as well
Could Social Security go bankrupt?
Program is cornerstone of retirement for millions of Americans; what's down the road for it?
The crisis in state pension plans
The fiscal health of state pension plans is terrible -- and getting worse
How making your own rules can change your view of retirement
Maria Gamb quit her corporate gig to start her own business, and now sees retirement in a whole new light
It's not your father's retirement anymore
The definition of retirement is changing as the dream of leisure-filled "golden years" moves beyond the reach of most Americans
5 dangerous scams targeting seniors
Good manners and social media can make seniors susceptible to a range of financial rip-offs -- here's how to avoid getting burned
If retirement is right around the corner, here's what you need to do now
If you're in your 60s, retirement may be right around the corner. What are the most important things you need to do right now to prepare? CBS New financial analyst Mellody Hobson has the answer.
U.S.
Timeline of L.A. Mayor Karen Bass' trip to Ghana as fire crisis developed
Mayor Karen Bass has come under criticism for attending an inauguration in Ghana as mounting warnings signaled heightened fire risks in Los Angeles.
The Grammys are still happening, but with refocus on L.A. fires relief
The 2025 Grammys are still happening next month in L.A. with a refocus on fundraising to support wildfire relief.
Los Angeles wildfires spark first lawsuits against utilities
As deadly wildfires continue to burn in Los Angeles, allegations of blame are being made on behalf of victims.
How the L.A. area wildfires have impacted schools
The Southern California wildfires have damaged or destroyed a dozen schools.
Ohio library helps fight food crisis with donation-based restaurant
A pay-what-you-can restaurant inside a Toledo, Ohio, library aims to combat hunger by offering meals in exchange for volunteer work, donations or fresh produce.
How to download your TikTok data in case the app goes dark
Some TikTok users are preparing for the likely ban by downloading their data. Here's how to do it.
FBI reveals New Orleans attacker's online search history
The FBI also increased the number of those injured in the New Orleans New Year's Day attack to 57 people.
FDA bans food dye Red 3, citing concern over cancer in some animals
The red food dye is used in products ranging from candies to vegetarian meats.
CIA director pick Ratcliffe vows to bring renewed focus to intelligence gathering
Trump's pick to be CIA director promised in his confirmation hearing to hone in on setting strong intelligence collection priorities and "demanding relentless execution."
U.S.
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Timeline of L.A. Mayor Karen Bass' trip to Ghana as fire crisis developed
Mayor Karen Bass has come under criticism for attending an inauguration in Ghana as mounting warnings signaled heightened fire risks in Los Angeles.
The Grammys are still happening, but with refocus on L.A. fires relief
The 2025 Grammys are still happening next month in L.A. with a refocus on fundraising to support wildfire relief.
Los Angeles wildfires spark first lawsuits against utilities
As deadly wildfires continue to burn in Los Angeles, allegations of blame are being made on behalf of victims.
How the L.A. area wildfires have impacted schools
The Southern California wildfires have damaged or destroyed a dozen schools.
Ohio library helps fight food crisis with donation-based restaurant
A pay-what-you-can restaurant inside a Toledo, Ohio, library aims to combat hunger by offering meals in exchange for volunteer work, donations or fresh produce.
MoneyWatch
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Los Angeles wildfires spark first lawsuits against utilities
As deadly wildfires continue to burn in Los Angeles, allegations of blame are being made on behalf of victims.
CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
SEC sues Elon Musk, accusing him of withholding info from Twitter investors
The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.
Capital One allegedly cheated customers out of $2 billion, CFPB says
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
Los Angeles residents hire private firefighters to save their homes
Private firefighters are working alongside municipal departments to battle the wildfires. Here's how much they cost.
Politics
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Pentagon watchdog: Austin's hospitalization "unnecessarily" increased risks
Defense Secretary Lloyd Austin was hospitalized for two weeks at the start of 2024 for complications arising from surgery to treat prostate cancer.
CIA director pick Ratcliffe vows to bring renewed focus to intelligence gathering
Trump's pick to be CIA director promised in his confirmation hearing to hone in on setting strong intelligence collection priorities and "demanding relentless execution."
In opening pitch to Congress, Pam Bondi vows "one tier of justice for all"
In remarks to Congress, President-elect Donald Trump's choice to lead the Justice Department said that "partisan weaponization of the Department of Justice will end" under her watch.
Biden says "I have given my heart and my soul to our nation" ahead of farewell address
President Biden is addressing the nation from the Oval Office at 8 p.m.
Bondi fields questions on Trump, DOJ independence at confirmation hearing
Pam Bondi sought to allay the concerns of Democrats who said they feared Trump and his allies would use the Justice Department to target their political enemies.
HealthWatch
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New recommendations to measure obesity go beyond controversial BMI
Body Mass Index, or BMI, has long been criticized as an unreliable method for measuring obesity — and now a group of experts is sharing new recommendations for how to use it.
FDA bans food dye Red 3, citing concern over cancer in some animals
The red food dye is used in products ranging from candies to vegetarian meats.
FDA to cut nicotine from cigarettes, in plan first floated under Trump
It will be up to the returning Trump administration to decide whether to finalize the rule.
3 Boar's Head plants also had unsanitary conditions, USDA records show
Several Boar's Head deli meat plants were cited for unsanitary conditions, not just the factory shut down after a deadly listeria outbreak.
More than 1 drink a day raises risk of dying, federal review concludes
The death risk goes up to 1 in 100 for those who drink alcohol nine times per week, the report found.
World
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Cartel leader in plea talks with U.S., keeps lawyer who represented son
Ismael "El Mayo" Zambada decided to stick with the lawyer defending him from U.S. drug trafficking charges despite a possible conflict of interest.
Scientists discover bigger, more venomous spider species
The deadly 3.54-inch-long spider Atrax christenseni is among the most dangerously venomous spiders for humans.
Israel and Hamas agree to ceasefire, hostage release deal
After intense negotiations, Israel and Hamas have reached a deal that would see a ceasefire and the exchange of hostages in Gaza for Palestinian prisoners.
Woman says she lost $850,000 to scammers posing as Brad Pitt
The woman said she had believed she was in a romantic relationship with the Hollywood star, leading her to divorce her husband and transfer $850,000.
Major Russian missile strike forces Ukraine to shut down power grid
Russia missiles have pounded energy infrastructure across Ukraine, forcing power cuts in the dead of winter.
Entertainment
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Entertainment
Gwendoline Christie on new "Severance"
The hit show "Severance" returns for season two, where office workers have been altered to forget their outside lives. Gwendoline Christie joins "CBS Mornings" to discuss the intense premise and what's ahead for the series.
Princess Kate announces she's in remission from cancer
Princess Kate made the announcement on social media after visiting the London hospital where she received treatment.
Ayesha Curry on new book imprint
Chef, entrepreneur and author Ayesha Curry joins "CBS Mornings Plus" to discuss expanding her empire into publishing, uplifting diverse voices and why she selected her imprint's first novel "Honeysuckle and Bone" by Trisha Tobias.
Ayesha Curry launches book imprint
Chef, entrepreneur and bestselling author Ayesha Curry expands her empire into publishing with "Sweet July Books," an imprint dedicated to diverse voices. The first novel, "Honeysuckle and Bone" by Trisha Tobias, follows a young woman discovering dark secrets in Jamaica. They join "CBS Mornings."
Carrie Underwood to perform at Trump's inauguration
The country music star is set to perform "America the Beautiful" before Trump takes the oath of office.
Technology
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How to download your TikTok data in case the app goes dark
Some TikTok users are preparing for the likely ban by downloading their data. Here's how to do it.
Meta is cutting 5% of its workforce, or more than 3,600 employees
Meta will cut about 5% of its workforce, focusing on getting rid of low-performing employees at the social media giant.
How AI powered robots are helping small farms
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.
SpaceX to launch two lunar landers
Just after midnight Wednesday, a SpaceX rocket is scheduled to lift off, carrying a pair of lunar landers that will try to touch down on the moon in the coming months. One was built by a Japanese company and the other was built by a Texas company. Their mission is to carefully lower to the lunar surface and deliver 10 payloads for NASA.
What would happen to TikTok on my phone if the app is banned?
A law that could ban TikTok in the U.S. is set to take effect on Jan. 19. Here's what that would mean for users of the social media platform.
Science
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SpaceX pushes Starship test flight back one day due to weather
If the weather cooperates, the Starship launch will follow the maiden flight of Jeff Bezos' already weather-delayed New Glenn rocket.
What to know about the pink fire retardant being dropped on L.A. wildfires
Aircraft battling fires raging through the Los Angeles area are dropping hundreds of thousands of gallons of hot-pink fire suppressant in a desperate effort to stop the flames.
When will cicadas come back in 2025?
Brood XIV, the second-largest group of periodical cicadas, known for their noisy mass emergence from the ground, will arrive this spring.
Scientists: "Toxic" semen could kill female mosquitoes, curb disease spread
Female mosquitoes are targeted because only they bite and drink blood, thereby spreading diseases such as malaria and dengue fever.
U.K.'s biggest dinosaur footprint site discovered: "So surreal"
It is hoped the discovery will provide clues about how dinosaurs interacted, as well as their size and the speeds at which they moved.
Crime
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Cartel leader in plea talks with U.S., keeps lawyer who represented son
Ismael "El Mayo" Zambada decided to stick with the lawyer defending him from U.S. drug trafficking charges despite a possible conflict of interest.
Woman says she lost $850,000 to scammers posing as Brad Pitt
The woman said she had believed she was in a romantic relationship with the Hollywood star, leading her to divorce her husband and transfer $850,000.
Dozens arrested in India over alleged 5-year sexual abuse of teen girl
Authorities in southern India have detained almost 50 men suspected of repeatedly raping and sexually abusing a girl from the age of 13.
5 shot dead in Mexican town; body parts found in Gulf coast region
Five people were gunned down on the same street where another attack left eight dead just months earlier.
Chicago customs seized 1,500 Glock switches to turn guns automatic in 2024
Most of the Glock switch shipments had come from China, and were destined for various locations throughout the United States, CPB said.
Space
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SpaceX pushes Starship test flight back one day due to weather
If the weather cooperates, the Starship launch will follow the maiden flight of Jeff Bezos' already weather-delayed New Glenn rocket.
2 commercial landers launched for the moon
A pair of commercial landers are headed to the moon after launching early Wednesday morning from the Kennedy Space Center on a SpaceX Falcon 9 rocket. CBS News space analyst Bill Harwood has more.
2 privately built moon landers carried into space by SpaceX rocket
Firefly's "Blue Moon" and ispace's "Resilience" are the latest in an ongoing push to gain private-sector experience exploring the moon.
Blue Origin postpones first launch of its massive new rocket
Blue Origin called off the debut launch of its massive New Glenn rocket due to technical trouble. The Jeff Bezos-founded company didn't set a new launch date.
Blue Origin preps New Glenn rocket for high-stakes test flight
Blue Origin expects the New Glenn to provide a viable alternative to SpaceX's market-dominating Falcon family of rockets.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
Latest CBS News Videos
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Latest CBS News Videos
Jeffries reacts to the Israel-Hamas deal
House Minority Leader Hakeem Jeffries reacted to the news of a deal between Israel and Hamas for a ceasefire and hostage release operation. This comes after 15 months of violent fighting in the Gaza Strip.
Breaking down the Israel-Hamas deal
The Israel-Hamas ceasefire and hostage release deal includes specific terms on an initial stop to fighting in Gaza and the release of Israeli hostages held since Oct. 7, 2023. The deal also calls for the release of hundreds of imprisoned Palestinians. CBS News' Courtney Kealy reports.
How Israel, Hamas agreed to a ceasefire
After 15 months of carnage, Israel and Hamas will cease fighting in the Gaza Strip that began after the violent Oct. 7, 2023, attacks on the Israeli people. CBS News' Weijia Jiang breaks down President Biden's remarks on the deal. Also, Sam Vinograd and Margaret Brennan have more on the deal's terms. Plus, Robert Berger has more on reactions in the Middle East.
Impeached South Korean president detained
Yoon Suk Yeol, the impeached president of South Korea, was detained Wednesday, one day after a hearing was held to remove him from office. He was taken from his official residence in a convoy of law enforcement vehicles. He was impeached last month after briefly declaring martial law.
Lawmakers react to Israel-Hamas deal
Sen. Marco Rubio (R-Florida) reacted to the news of an Israel-Hamas ceasefire and hostage release deal while he was testifying at his Senate confirmation hearing for the secretary of state post. CBS News' Taurean Small reports from Capitol Hill on the political reaction to the deal's news.