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.
Retirement
Gen Xers are nearing retirement. About half say they need a miracle.
Older Gen Xers are turning 59 ½ this month, when they can withdraw retirement assets without a penalty. But many don't have enough saved.
This small U.S. town is considered the best place to retire. Here's why.
With a relatively low average monthly cost of living and a low crime rate, this little-known town has a lot to offer retirees according to one report.
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.
Here's how much Americans say they need to retire
Americans are underprepared for retirement, with the average account holding just $88,400 in savings.
America's retirement age of 65 is "crazy," BlackRock CEO says
BlackRock CEO Larry Fink said that longer life expectancies are "putting the U.S. retirement system under immense strain."
Some Americans want a 40-year retirement. Can they afford it?
About 1 in 8 workers think they'll retire by age 61. But the reality of saving for decades of expenses is daunting.
Retiring in America increasingly means working into old age, new book says
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.
Eric Idle says he's working at 80 for financial reasons: "Not easy"
Former "Monty Python" star Eric Idle said people "always assume we're loaded." He added, "I have to work for my living."
Where $1M in retirement savings will last the longest around the U.S.
How far retirees are able to stretch their savings depends largely on where they choose to settle down, one analysis shows.
You're probably planning for retirement wrong. Here's why.
Only about 1 in 10 Americans understands the basics of longevity, or how long they'll live in retirement. Can you pass the test?
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.
Here's how much money Americans think they need to retire comfortably
The gap between what people think they'll need for old age and their actual savings is massive, even for those nearing retirement.
Social Security's 2023 COLA was 8.7%. It may be stingier in 2024.
Seniors and other recipients of the Social Security program may get a cost-of-living adjustment of 3.1% next year, one forecast says.
Inflation is ruining Americans' efforts to save for retirement
Even a brief interruption in plan contributions can affect people's financial goals years down the road, experts say.
Biden tells ABC News his debate was a "bad episode," says he was "exhausted"
President Biden sat down with ABC News' George Stephanopoulos in Wisconsin Friday for the first interview since his disastrous presidential debate last week.
Trump asks judge to halt documents case after Supreme Court ruling
Former President Donald Trump and his legal team asked the federal judge overseeing the case involving his handling of sensitive documents to pause proceedings.
"Dangerous" heat expected to spread up West Coast, break records
The National Weather Service said record-breaking temperatures can be expected throughout the weekend.
Biden defies calls to drop out: "Completely ruling that out"
"Let me say this as clearly as I can: I'm staying in the race," President Biden said during a campaign rally in Madison, Wisconsin, on Friday.
Antisemitism in Europe drives some Jews to seek safety in Israel
Despite the war still raging minutes away in Gaza, Jewish families tells CBS News they feel safer in southern Israel than they did in Paris or London.
Beryl makes landfall near Mexico's Tulum, weakens to tropical storm
Beryl was a Category 2 hurricane at landfall and rapidly weakened as it moved inland, but the storm was expected to reintensify in the Gulf of Mexico.
Vatican excommunicates ex-ambassador to U.S., declares him guilty of schism
Archbishop Carlo Maria Viganò, who once served as the Vatican's ambassador to the U.S., was found guilty of schism.
Floodwaters erode area around Wisconsin dam, force evacuations
The city's police chief estimated that a 50-foot area eroded around the dam, but the dam itself did not fail.
Snakes and other strange items found at TSA checkpoints
Bottles of water and firearms are the most frequently stopped items by TSA officials, but now and then agents come across the unexpected.
U.S.
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Michigan friends recount the moment they rescued a choking raccoon
The raccoon had just stolen a slice of cheese, a harmless caper, until it became clear to everyone that this mammal had bitten off way more than it could chew.
Biden tells ABC News his debate was a "bad episode," says he was "exhausted"
President Biden sat down with ABC News' George Stephanopoulos in Wisconsin Friday for the first interview since his disastrous presidential debate last week.
Passenger complaints about airline travel surged in 2023
The figure marks the largest volume of air travel complaints by consumers since 2020, when airlines were slow to give customers refunds during the pandemic.
Floodwaters erode area around Wisconsin dam, force evacuations
The city's police chief estimated that a 50-foot area eroded around the dam, but the dam itself did not fail.
Arsenic, lead and other toxic metals detected in tampons, study finds
One product contained 16 different metals, with researchers calling for rules requiring manufacturers to test tampons.
MoneyWatch
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Passenger complaints about airline travel surged in 2023
The figure marks the largest volume of air travel complaints by consumers since 2020, when airlines were slow to give customers refunds during the pandemic.
Arsenic, lead and other toxic metals detected in tampons, study finds
One product contained 16 different metals, with researchers calling for rules requiring manufacturers to test tampons.
Greece allows a 6-day work week for some industries
As countries around the world experiment with shorter work weeks, Greece has taken a step in the opposite direction.
AI company lets dead celebrities read to you. Hear what it sounds like.
ElevenLabs uses AI to capture the voices of deceased performers such as Judy Garland and James Dean.
Even the kitchen sink: Snakes and other strange items found at TSA checkpoints
Bottles of water and firearms are the most frequently stopped items by TSA officials, but now and then agents come across the unexpected.
Politics
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Biden tells ABC News his debate was a "bad episode," says he was "exhausted"
President Biden sat down with ABC News' George Stephanopoulos in Wisconsin Friday for the first interview since his disastrous presidential debate last week.
Trump asks judge to halt documents case after Supreme Court ruling
Former President Donald Trump and his legal team asked the federal judge overseeing the case involving his handling of sensitive documents to pause proceedings.
Far-right Trump ally Nigel Farage wins a seat in the U.K. Parliament
Reform UK Party leader Nigel Farage smiled and heckled back at some hecklers as he relished his far-right party's ascent into Parliament.
Wisconsin Supreme Court allows expanded use of ballot drop boxes
The Wisconsin Supreme Court is changing course and will allow officials to place ballot drop boxes around their communities in this fall's elections in the presidential swing state.
Biden defies calls to drop out: "Completely ruling that out"
"Let me say this as clearly as I can: I'm staying in the race," President Biden said during a campaign rally in Madison, Wisconsin, on Friday.
HealthWatch
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Arsenic, lead and other toxic metals detected in tampons, study finds
One product contained 16 different metals, with researchers calling for rules requiring manufacturers to test tampons.
Florida sees COVID-19 surge in emergency rooms, near past winter's peaks
The CDC says several states are seeing "consistent increases in COVID-19 activity" this summer.
Kansas Supreme Court rejects 2 anti-abortion laws
Kansas declared in 2019 that abortion access is a "fundamental" right under the state's constitution.
Insurance wouldn't pay for his vasectomy — coverage could be elusive
An ongoing lawsuit aims to set aside the Affordable Care Act's requirements that insurers cover preventive care, such as contraception.
Here's how many calories the Nathan's Hot Dog Eating Contest winner consumed
Another year of Nathan's Famous Hot Dog Eating Contest means a lot of calories consumed. Here's the breakdown.
World
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Leader of Australian region where girl was killed by croc calls for action
The leader of Australia's Northern Territory says the crocodile population must be either maintained or reduced and cannot be allowed to outstrip the human population.
Greece allows a 6-day work week for some industries
As countries around the world experiment with shorter work weeks, Greece has taken a step in the opposite direction.
Final push ahead of pivotal French legislative elections
There are 577 seats in the National Assembly, the lower house of parliament. Just 76 deputies were elected with an outright majority in the first round so the majority of seats are still up for grabs.
Far-right Trump ally Nigel Farage wins a seat in the U.K. Parliament
Reform UK Party leader Nigel Farage smiled and heckled back at some hecklers as he relished his far-right party's ascent into Parliament.
U.S. troops to leave Niger bases this weekend and in August after coup
Unlike the withdrawal from Afghanistan, Air Force Maj. Gen. Kenneth Ekman said the U.S. is not destroying equipment or facilities as it leaves.
Entertainment
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Entertainment
Las Vegas' Sphere venue showcases student art
The winners were announced in the "XO Student Design Challenge," where students competed to get their artwork displayed on Las Vegas' Sphere venue. The performance venue, with a massive 366-foot high LED exterior, organized the contest to celebrate Independence Day through the eyes of local aspiring artists.
Nathan's Hot Dog Eating Contest 2024 crowns new champion
It's the dawn of a new era at the Nathan's Famous Hot Dog Eating Contest. Patrick Bertoletti is the new men's champion, and Miki Sudo set a new record and retained the women's division title.
How to get featured in Mixtape Music series
Calling all musicians and singers! The deadline to apply to the "CBS Mornings" Mixtape Music competition is in five days. Here are details on how you can join.
Sean "Diddy" Combs faces new lawsuit
A new civil lawsuit against Sean "Diddy" Combs, accusing him of sex trafficking, was filed in New York on Wednesday. Combs already faces allegations of sexual, physical and emotional abuse from at least eight people. He denies those claims.
Robert Hartwell on transforming historic home
Broadway performer Robert Hartwell joins "CBS Mornings" to talk about his new show, "Breaking New Ground," which chronicles his two-year journey to renovate a 200-year-old home in Massachusetts.
Technology
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AI company lets dead celebrities read to you. Hear what it sounds like.
ElevenLabs uses AI to capture the voices of deceased performers such as Judy Garland and James Dean.
Americans are breaking up with dating apps
Last year, Americans downloaded dating apps more than 36 million times, which is down 16% from 2020. Dating coach Damona Hoffman says an increasing number of her clients are feeling what she calls "dating app burnout," which is stress and fatigue caused by endless swiping.
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.
Cyberattack continues to impact dealerships
More than half of U.S. car dealerships are still struggling with a cyberattack that crippled a key software system, hampering their ability to sell cars. J.D. Power estimates the attack may have caused June retail sales to drop more than 5% compared to last year.
CDK Global cyberattack crippling car dealers
American car dealers could lose nearly $1 billion due to an ongoing cyberattack on software provider CDK Global. Charles Carmakal, chief technology officer of Mandiant Consulting, the security consulting organization of Google Cloud, joins CBS News to discuss how the hack is crippling operations, and what can be done to prevent similar incidents from happening again.
Science
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Science
How to talk to kids about climate change
Recent studies show that kids are increasingly becoming concerned about the effects of climate change. Elizabeth Bagley, the managing director at Project Drawdown, joins CBS News with tips on how to talk to children about the future of the planet.
Giant creature with fangs was around long before dinosaurs, research reveals
Scientists have revealed fossils of a giant salamander-like beast with sharp fangs that ruled waters before the first dinosaurs arrived.
Global shift toward green energy accelerating
A global shift in the way the world produces energy has started. According to the International Energy Agency, the world will spend twice as much on clean energy in 2024, including solar, wind and nuclear, as it will on fossil fuels. John Dickerson explains.
U.S. Army seeks heat safety solutions
The U.S. Army is searching for ways to keep soldiers cool as they face dangerously high temperatures in the field. CBS News national environmental correspondent David Schechter caught up with the solutions being tested.
U.S. is top liquefied natural gas exporter
The United States is now the world's leading exporter of liquified natural gas, or LNG, after the country tripled its output in the past six years, according to the U.S. Energy Information Administration. Some environmentalists say this is defeating the Biden administration's goals of weaning us off fossil fuels to avert climate change-driven catastrophe in the future.
Crime
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Andrew Tate can leave Romania but must stay in E.U. amid trial court rules
Andrew Tate, a former professional kickboxer and dual British-U.S. citizen, was initially arrested in December 2022 near Bucharest along with his brother Tristan and two Romanian women.
1 person killed, 8 injured in mass shooting in Philadelphia
Police said an adult was killed and eight other people, some of them teenagers, were hurt in a shooting in Philadelphia on July 4.
8-year-old stabbed to death in Queens, suspect fatally shot by police
An NYPD officer shot and killed a man who allegedly stabbed an 8-year-old boy to death in Queens on Thursday, police say.
2 killed, 3 injured in Chicago shooting
Two women are dead and three children are in the hospital after a shooting in Chicago's Grand Crossing neighborhood. CBS News Chicago's Asal Rezaei reoprts.
Suspect dead after shooting at Yellowstone
A suspect died and a park ranger was injured in a shooting at Yellowstone National Park on Thursday, the National Park Service said. Rangers responded to a report of a man with a gun who was making threats, according to the agency.
Space
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Space
NASA holds off on Starliner's return to Earth
Boeing Starliner commander Barry "Butch" Wilmore and co-pilot Sunita Williams will remain aboard the International Space Station as NASA awaits more technical results before the capsule returns to Earth. CBS News space Analyst Bill Harwood reports.
NASA insists Boeing Starliner crew not "stranded" in space
The problem for NASA and Boeing is that the Starliner's service module is discarded before re-entry and burns up in the atmosphere.
Powerful weather satellite launched for hurricane-hunting duty
The latest GOES satellite will play a critical role in tracking hurricanes and other dangerous storms across North America.
Chinese probe returns to Earth with first samples from far side of moon
China's Chang'e 6 is the first craft ever to collect soil and rock samples from the side of the moon that faces away from Earth into space.
Starliner trip home from ISS delayed
NASA has again postponed the troubled Boeing Starliner's trip home from the International Space Station as crews assess a series of helium leaks. Those leaks had also delayed the first crewed launch of the ship multiple times. Mark Strassmann reports.
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Summer music heats up 2024
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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.
Clues and evidence in the John McCabe case
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
Donald Sutherland
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
Becky Bliefnick texted about fear of her estranged husband
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Latest CBS News Videos
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Latest CBS News Videos
Friends save raccoon choking on cheese
Steve Hartman goes "On the Road" to Michigan to meet a group of buddies who saved the day for a furry friend.
6 hospitalized after Utah fireworks malfunction
Six people were sent to the hospital after fireworks malfunctioned and shot into the audience at a Fourth of July celebration featuring the Jonas Brothers in Provo, Utah.
The most unbelievable items intercepted by TSA
TSA expects to set a new record on Sunday for the busiest day ever at the nation's airports. While that's good news for airlines, the travel rush also means more prohibited items are being found in checked bags. Kris Van Cleave shows us some of the unbelievable things people try to bring on board.
Labour Party takes control of U.K. Parliament
There's a changing of the guard in British politics after the progressive Labour Party took control of Parliament in a historic landslide. Voter turnout was low, but the change to Britain's government will be sweeping. Imtiaz Tyab explains.
California grapples with extreme heat and wildfires
The West Coast is sizzling under extreme heat, with several cities reaching temperatures 15 to 30 degrees above normal for this time of year. The intense heat and dry brush are also fueling wildfires near Yosemite National Park and in Northern California. Elise Preston reports.