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.
MoneyWatch
Retirement
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.
How your ex could boost your Social Security benefits
Divorced people can often collect benefits under the federal retirement program based on their ex-spouse's work history.
Difficult economy and loneliness forces some retirees to move in with family
An estimated 60 million Americans live in households with two or more adult generations, according to numbers from the Pew Research Center.
One way to fix Social Security? "Smash the cap"
Eliminating or lifting the tax cap would help stabilize Social Security, while also being fairer to most Americans, experts say.
Millions of Americans nearing retirement age with no savings
According to U.S. Census Bureau data, 50% of women and 47% of men between the ages of 55 and 66 have no retirement savings.
The importance of preparing emotionally for retirement
Retirement is a seismic life change that can impact mental health, with one study suggesting it increases the likelihood of depression.
Older Americans increasingly struggling to save for retirement
"The benchmarks move as I get older," one man told CBS News. Now, his goal is to retire at 70 and then "look for something part-time afterward."
High school students raise $260,000 so custodian can retire
A crowdfunding effort for "Mr. James" caught fire when the students posted a TikTok video of the 80-year-old janitor.
America's 401(k) millionaires have plunged by a third
Fewer employees have managed to stash away at least $1 million in retirement savings, according to Fidelity.
Here's how much Americans' 401(k) plans fell last year
A brutal stock market took a toll on Americans retirement assets in 2022, according to new data from Fidelity.
Is retirement achievable? Investors say they'll need $3 million.
Amid high inflation and a sagging stock market, anxieties about retirement are on the rise.
How to create your retirement "glide path"
Gradual changes in the years before you plan to quit work can help smooth the transition, a financial coach says.
Congress making it easier to save for retirement — here's how
Experts say new legislation will make it easier to put money away, including for millions of Americans with student loans.
6 ways to make extra money in retirement
More than 1 in 4 retirees say they spend more than they can afford. These part-time jobs can help make ends meet.
Latest News
What's in the debt ceiling deal — and what's not
Congress may vote as soon as this week on the debt ceiling deal reached by the White House and House Republicans.
Turkey's President Erdogan wins runoff, set to remain in power until at least 2028
Turkey's Supreme Election Council chairman said Erdogan had received 52.14% of the votes.
Body of escaped inmate and convicted killer believed found in Ohio River
Bradley Gillespie escaped from an Ohio prison with another inmate, James Lee, who was previously captured.
Search ongoing after partial apartment building collapse in Davenport, Iowa
It was not immediately clear if there were any fatalities, but Davenport Mayor Mike Matsen said there were "several people unaccounted for."
Missing 73 years, Medal of Honor recipient's remains returned to Georgia
Late Army Cpl. Luther H. Story's bravery during the Korean War earned him the Medal of Honor -- and cost him his life. Until now, no one knew where his body was.
Suspect arrested in 5 Arizona shootings that left 4 dead
Iren Byers, 20, was arrested in connection with four shootings late Friday night in Mesa and an additional homicide earlier on Friday in Phoenix.
Remains of WWII airman identified nearly 80 years after his death
Military authorities say Tech. Sgt. James Howie, an Army Air Force member from Illinois, was identified using DNA testing nearly eight decades after he was killed during World War II.
Hakeem Jeffries expects Dem support for debt ceiling deal
The House Democratic leader said he can guarantee the U.S. will not default on its debt.
2 more horses die at Churchill Downs, for total of 12 this month
The Kentucky Derby horses were euthanized after suffering serious injuries in races on Friday and Saturday.
U.S.
More U.S.
Missing 73 years, Medal of Honor recipient's remains returned to Georgia
Late Army Cpl. Luther H. Story's bravery during the Korean War earned him the Medal of Honor -- and cost him his life. Until now, no one knew where his body was.
Search ongoing after partial apartment building collapse in Davenport, Iowa
It was not immediately clear if there were any fatalities, but Davenport Mayor Mike Matsen said there were "several people unaccounted for."
Suspect arrested in connection to 5 shootings in Arizona that left 4 dead
Iren Byers, 20, was arrested in connection with four shootings late Friday night in Mesa and an additional homicide earlier on Friday in Phoenix.
Body of escaped inmate and convicted killer believed found in Ohio River
Bradley Gillespie escaped from an Ohio prison with another inmate, James Lee, who was previously captured.
Full transcript of "Face the Nation," May 28, 2023
On this "Face the Nation" broadcast, House Minority Leader Hakeem Jeffries and Microsoft president and vice chair Brad Smith join Margaret Brennan.
MoneyWatch
More MoneyWatch
Colorado delivery drivers sue Amazon, saying they had to pee in bottles
The lawsuit claims drivers urinated in bottles and defecated in dog waste bags in their delivery vans to ensure that they weren't disciplined for failing to stay on pace with their deliveries.
Celebrating monumental mistakes at the Museum of Failure
From Ford's Edsel to bottled water with flavoring for pets, notorious corporate and marketing missteps are featured in a traveling exhibition, "The Museum of Failure," now on display in Brooklyn.
Russia's war in Ukraine is spurring investments in renewable energy
Investments in solar recently overtook oil for the first time, but the world still needs scale back fossil fuels to meet climate goals, energy group says.
Immigrants now represent a record share of U.S. workers
Almost 1 in 5 workers are now foreign-born, reversing a pandemic decline when immigration slowed.
Debt ceiling deadline is now June 5, Yellen says
Time is running short for House Republicans and the White House to reach an agreement on the debt ceiling to avoid default.
Politics
More Politics
Full transcript of "Face the Nation," May 28, 2023
On this "Face the Nation" broadcast, House Minority Leader Hakeem Jeffries and Microsoft president and vice chair Brad Smith join Margaret Brennan.
What's in the debt ceiling deal — and what's not
Congress may vote as soon as this week on the debt ceiling deal reached by the White House and House Republicans.
Turkey's President Erdogan wins runoff, set to remain in power until 2028
Turkey's Supreme Election Council chairman said Erdogan had received 52.14% of the votes.
Hakeem Jeffries expects Dem support for debt ceiling deal
The House Democratic leader said he can guarantee the U.S. will not default on its debt.
Transcript: Austan Goolsbee, Federal Reserve Bank of Chicago president and CEO, "Face the Nation," May 28, 2023
The following is a transcript of an interview with Austan Goolsbee, Federal Reserve Bank of Chicago president and CEO, that aired on "Face the Nation" on May 28, 2023.
HealthWatch
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COVID hospitalizations reach new record low nationwide, CDC says
This is the first time fewer than 9,000 new weekly admissions were reported.
Should you take off your shoes in the house? Scientists weigh in.
You probably clean your shoes if you step in something muddy or disgusting. But when you get home, do you always de-shoe at the door?
Musk startup says it's been cleared to test brain implants in humans
Musk said the company would try to use the implants to restore vision and mobility in humans who had lost such abilities.
Pfizer's Paxlovid still free, for now, after FDA grants full approval
Paxlovid, Pfizer's COVID-19 treatment pills, could go to the private market by late summer.
Long COVID includes these 12 symptoms, new study finds
A new study funded by the National Institutes of Health brings more understanding to the symptoms of long COVID, with the aim of helping lead to much-needed treatment options.
World
More World
Missing 73 years, Medal of Honor recipient's remains returned to Georgia
Late Army Cpl. Luther H. Story's bravery during the Korean War earned him the Medal of Honor -- and cost him his life. Until now, no one knew where his body was.
Turkey's President Erdogan wins runoff, set to remain in power until 2028
Turkey's Supreme Election Council chairman said Erdogan had received 52.14% of the votes.
Transcript: Austan Goolsbee, Federal Reserve Bank of Chicago president and CEO, "Face the Nation," May 28, 2023
The following is a transcript of an interview with Austan Goolsbee, Federal Reserve Bank of Chicago president and CEO, that aired on "Face the Nation" on May 28, 2023.
Transcript: Rep. French Hill of Arkansas on "Face the Nation," May 28, 2023
The following is a transcript of an interview with Rep. French Hill, Republican of Arkansas, that aired on "Face the Nation" on May 28, 2023.
Transcript: House Minority Leader Hakeem Jeffries on "Face the Nation," May 28, 2023
The following is a transcript of an interview with House Minority Leader Hakeem Jeffries that aired on "Face the Nation" on May 28, 2023.
Entertainment
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Author Isabel Allende on how writing "gave me a voice when I had no voice"
The 80-year-old Chilean-born writer, whose latest novel is "The Wind Knows My Name," talks about her tumultuous family history, and the passion and courage of her stories' female characters.
Author Isabel Allende on "The Wind Knows My Name"
Chilean-born author Isabel Allende has written more than two dozen books that have been translated into some 40 languages. The 80-year-old Allende, whose latest novel is "The Wind Knows My Name," talks with correspondent Rita Braver about her tumultuous family history, which inspired her stories' passionate and courageous characters; how her 1982 bestseller "House of the Spirits" changed her life; and about her foundation, which supports groups trying to help young girls at risk around the world.
Broadway showstopper Lillias White on giving audiences "my entire heart"
For the 71-year-old Tony-winner, now appearing in "Hadestown," it all began as a child in Brooklyn, N.Y., when relatives encouraged her to dance and sing on her grandmother's dining room table.
Broadway star Lillias White
For Broadway veteran Lillias White, it all began as a child in Brooklyn, N.Y., when relatives encouraged her to dance and sing on her grandmother's dining room table. The 71-year-old actress, who won a Tony Award for "The Life," is now starring in the Broadway musical "Hadestown." She talks with correspondent Mo Rocca about her role models growing up; her relationship with the audience; and setting the standard for singing standards.
Arnold Schwarzenegger on demanding a cleaner environment: "That's my crusade"
At 75, an age when most people are retired, Arnold Schwarzenegger is still an action hero, battling bad guys on screen and addressing climate pollution in real life.
Technology
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Technology
Full interview: Brad Smith
Brad Smith, the president and vice chair of Microsoft, joins ""Face the Nation"" to discuss the future of AI — and if it could face government regulation.
Smith on "real concern" about Chinese malware
The hacking operation code-named "Volt Typhoon" that targeted critical infrastructure in Guam and other locations in the United States is of "real concern," Microsoft president and vice chair Brad Smith tells "Face the Nation." Watch more of Margaret Brennan's interview with Smith Sunday on "Face the Nation."
Musk startup says it's been cleared to test brain implants in humans
Musk said the company would try to use the implants to restore vision and mobility in humans who had lost such abilities.
Private moon race ready for liftoff
As part of "CBS Mornings'" "American Innovation" series, Mark Strassmann reports on space quickly becoming the next economic frontier, if you can stick the landing.
Former Google executive speaks out against AI
Nearly 20 years ago, the movie "I, Robot" warned of an impending robot revolution powered by artificial intelligence that views humanity as "scum." Now, what was once science fiction has become a paramount concern for tech executives and futurists. Mo Gawdat, former chief business officer for Google's secretive research and development lab "X," joins CBS News to discuss the future of AI.
Science
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Hurricanes and climate change: What's the connection?
Science tells us there's a connection between hurricanes and climate change. But how strong is it? And what can we expect for the future?
Unorthodox crops could be the future of food
Some scientists believe America's breadbasket could soon be at risk of potentially emptying, and they're warning a relentless drought is harming the nation's wheat crops. Science journalist Jenny Morber, who reports on climate resiliency and food, joined CBS News to discuss how researchers are trying to solve the problem.
Supreme Court weakens EPA power over wetlands
The Supreme Court has again weakened the power of the Environmental Protection Agency. This time it involves wetlands. Jess Bravin, Supreme Court correspondent for the Wall Street Journal, joins CBS News to break down the court's latest ruling and its implications for the environment.
Italy leads revolt against Europe's electric vehicle transition
PM Giorgia Meloni's far-right government tried and failed to block EU plans to ban all new fossil fuel-powered cars by 2035, but it's not giving up the fight entirely.
3 states reach deal on Colorado River water
Three of the seven Colorado River states - California, Arizona and Nevada - have agreed to cut their water usage by 3 million acre-feet by 2026. Some 40 million people and more than two dozen Native American tribes depend on the Colorado River. CBS News senior national and environmental correspondent Ben Tracy breaks down the details of the historic deal.
Crime
More Crime
Suspect arrested in connection to 5 shootings in Arizona that left 4 dead
Iren Byers, 20, was arrested in connection with four shootings late Friday night in Mesa and an additional homicide earlier on Friday in Phoenix.
3 killed, 5 wounded in New Mexico shooting
Three people were killed and five others wounded in a shooting at a motorcycle rally in New Mexico.
Body of escaped inmate and convicted killer believed found in Ohio River
Bradley Gillespie escaped from an Ohio prison with another inmate, James Lee, who was previously captured.
3 dead, 5 injured in motorcycle gang shooting in New Mexico
On Saturday at about 5 p.m., gunshots were fired at the 2023 Red River Memorial Day Motorcycle Rally, the New Mexico Department of Public Safety said.
Would Gabby Petito be alive if abuse warning signs were acted on earlier?
Gabby Petito, 22, died at the hands of her fiancé, Brian Laundrie. Now, her parents are asking if her murder could have been prevented, and hope others can be saved by learning her story.
Space
More Space
Virgin Galactic returns to space with successful sub-orbital test flight
The first crewed flight of Virgin's spaceplane in two years sets the stage for customers to begin flights to the edge of space in June.
Astronaut Peggy Whitson touts commercial spaceflight, private space stations
In an interview with CBS News, Peggy Whitson discusses her commercial visit to the International Space Station.
Russian cargo ship docks at space station amid commercial crew visit
The Ax-2 private astronaut mission, two cargo launches and multiple spacewalks highlight a busy early summer aboard space station.
A Japanese lunar lander crashed on the moon. NASA just found the evidence.
A camera team was able to identify what NASA called "an unusual surface change" near where the lander was supposed to end up.
See stunning images of the sun by Earth's most powerful telescope
The incredible photos show sunspots and quiet areas on the sun's topmost layer.
Latest Galleries
More Latest Galleries
Summer music heats up 2023
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.
N.J. woman survives a home invasion, brutal stabbing by a young stranger
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
Notable Deaths in 2023
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
How investigators solved murder of missing Florida woman
Vero Beach Police investigators focused on cellphone tower pings and surveillance footage cameras to catch a man who murdered his former girlfriend.
Lamar Johnson's 28-year fight for freedom
Lamar Johnson was convicted of Markus Boyd's murder in 1995. He always insisted he was innocent, but it would take almost three decades for a court to agree.
Latest Videos
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Latest Videos
60 Minutes: Revisiting the Past
For 60 Minutes Presents, Anderson Cooper and Lesley Stahl look at stories from history that carry lessons for the present.
Reclaiming history on a former plantation
An Air Force veteran wanted a new house for large family gatherings; he ended up getting an incredible link to his family’s past.
The dark legacy of Canada's residential schools
Archeologists detected what they believed to be 200 unmarked graves at a residential school in Canada, bringing new attention to one of the country's most shameful chapters. Anderson Cooper reports.
5/28/2023: Canada's Unmarked Graves; Sharswood
The dark legacy of Canada's residential schools. Then, Reclaiming history on a former plantation.
Rick Rubin: The 60 Minutes Interview
As an NYU college student, Rick Rubin launched Def Jam Recordings some 40 years ago and has been a hitmaker ever since. Anderson Cooper interviews the music producer about his unique approach.