Retirement
How Much Retirement Income Do You Need?
MoneyWatch's Jill Schlesinger does the math for you -- and explains how you can protect against unpleasant surprises.
Retirement
Unemployment Hasn't Crushed the Green Shoots
As a sendoff into the 4th of July holiday, June's rise in unemployment to 9.5% was plenty discouraging. The gloom was pretty well crystallized in this New York Times op-ed by Bob Herbert, which quoted the Center for Labor Market Studies at Northeastern University in Boston, as saying that if you mea...
Will Traditional Pensions Make A Comeback?
With workers stressing over their retirement plan balances, more people are calling for a return to some form of traditional employer sponsored pension or lifetime income guarantee. Let me break this to you gently: it's not going to happen. While policy wonks and commentators may debate it, the vast majority of employers have no stomach for it. You need to accept that your retirement is your responsibility, and plan accordingly.
Simpler Is Better In Personal Finance
President Obama recently proposed creating a new Consumer Financial Protection Agency to help protect consumers from aggressive financial transactions. I don't know whether we need another federal agency, but what I can tell you is that the basic rule for personal finance is simpler is better. When transactions get complicated, you're probably reaching for something you can't afford or someone is pushing you into a high cost product. Either way, it's generally a bad deal.
Have Doubts about the 401(k)? So Does Your Boss
One of the more chilling revelations on the sorry state of the U.S retirement system is this survey of employer attitudes towards 401(k)s from Mercer, the benefits consulting firm. Half of employers offering 401(k) plans believe that the plans are not up to the job that's been thrust upon them--that...
Retire When You Want To
Yes, it's possible — if you make a few smart moves while you're working and reconsider where you'll live once you stop.
Why the 401k Doesn't Work
As the default retirement plan of the United States, the 401(k) falls short, argues CBS MoneyWatch.com editor-in-chief Eric Schurenberg. He tells Jill Schlesinger why the plans don't work.
Personal Savings Rate Jumps: Did Yours?
The personal savings rate jumped to 6.9 percent in May, according to the Bureau of Economic Analysis. While there is much debate about how to accurately measure household savings, clearly people are spending less. The question is, are you actually saving more? It's one thing to stop spending, but it's another to have a strategy for the cash you aren't spending. Without a strategy, you'll likely find that your thrift hasn't translated into a higher net worth.
10 Best and 10 Worst Housing Markets
While the national median home price is not expected to climb much, if at all, in the next five years, there will be lots of movement at the local level.
Forecast: 3 Things to Know About the Housing Market
The real estate bubble was one of history's great financial mass delusions, and the market will take years to recover. But some buyers will do very, very well.
Can Americans Really Stop Spending?
The "new frugality" sounds like a passing trend, but it looks like America is in for a real cultural shift. MoneyWatch.com editor-in-chief Eric Schurenberg explains the changes in store for us.
Can Americans Really Stop Spending?
Get over that image of Americans as debt-ridden consumption addicts. The Great Recession will teach us to find better things to do with the time and money we have left — at least for now.
A Long Life Is Expensive
In 1900, life expectancy in the United States was 49. No wonder people didn't do much retirement planning back then. Today, it's almost 78, and it's projected to steadily increase over the next 50 years. What these life expectancy numbers mean is that if you want to retire at 65, you need to plan on at least a 20 to 30 year period of supporting yourself from the return on your investments. That's expensive, and you'll likely need to take some financial risks to do it.
CBS News Video: Decline of Wall Street
Recent government spending has shifted economic power in this country from New York to Washington. Anthony Mason reports.
Is the U.S. Economy in a Tailspin?
Despite the rise in unemployment numbers and economic uncertainty, the U.S. maintains its strong competitiveness in the world economy.
Live
Iran says obstacles remain, but acknowledges deal taking shape with U.S.
As the Trump administration signals hope for a possible deal, Iran says obstacles linger, and "frequent changes" in U.S. positions aren't helping.
Vietnam vets say opposing Trump's arch is about being "loyal to the country"
"I think it's just disrespectful to those that I served with who didn't come back," a veteran suing to stop construction of the arch told CBS News.
Live
Threat of explosion "off the table" for California chemical leak, officials say
California crews conducted an overnight operation at the site of a chemical leak in Orange County and said Monday that the threat of an explosion is "off the table."
Pope Leo calls for "disarming" of AI in technology-focused encyclical
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
AG requests to resume ballroom construction, citing latest shooting
Attorney General Todd Blanche said the ballroom is "being constructed for the physical safety and security of all Presidents, their families, staff, Foreign Dignitaries, and guests."
Here's what the draft memo for a proposed deal with Iran includes
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
Suspects wanted by FBI for robbing athletes' homes arrested in Chile
The thieves stole jewelry, high-end watches and souvenirs such as sports jerseys, among other belongings, police said.
DOJ says it scrubbed news releases about Jan. 6 criminal cases from its website
The Justice Department acknowledges it has removed from its website news releases about criminal cases related to the Jan. 6, 2021 riot, calling the information "partisan propaganda."
Ebola death toll climbs in Congo as new infections confirmed in Uganda
The WHO chief says there have been 220 suspected deaths in the ongoing Ebola outbreak as Ugandan health authorities report two new Ebola infections.
U.S.
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Residents near California chemical tank forced to flee: "You're freaking out"
Emergency crews raced overnight to prevent a tank holding a volatile industrial chemical from exploding at an aerospace facility in Southern California.
Buying a car? Here are some tips to save money.
Here are the financial considerations to make when shopping for a new vehicle amid high car prices.
Here's what the draft memo for a proposed deal with Iran includes
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
American Music Awards air tonight with star-studded performances
The American Music Awards celebrate fan favorites in the music world and feature performances from multiple artists.
Vietnam vets say opposing Trump's arch is about being "loyal to the country"
"I think it's just disrespectful to those that I served with who didn't come back," a veteran suing to stop construction of the arch told CBS News.
MoneyWatch
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Buying a car? Here are some tips to save money.
Here are the financial considerations to make when shopping for a new vehicle amid high car prices.
What's open and closed for Memorial Day 2026?
Most retail stores will be open for business on Memorial Day, while post offices will be closed. Here's what to know.
AI is driving more job cuts and weighing on hiring, economists say
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
House lawmakers launch insider trading probe into Kalshi and Polymarket
Rep. James Comer is requesting information from Kalshi and Polymarket on how the prediction markets guard against insider trading.
Kevin Warsh sworn in as new Fed chair, replacing Powell
Kevin Warsh has vowed to preserve the Fed's independence over monetary policy, telling lawmakers he will never "predetermine" interest rates at the president's request.
Politics
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Here's what the draft memo for a proposed deal with Iran includes
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
AG requests to resume ballroom construction, citing latest shooting
Attorney General Todd Blanche said the ballroom is "being constructed for the physical safety and security of all Presidents, their families, staff, Foreign Dignitaries, and guests."
DOJ says it scrubbed news releases about Jan. 6 criminal cases from its website
The Justice Department acknowledges it has removed from its website news releases about criminal cases related to the Jan. 6, 2021 riot, calling the information "partisan propaganda."
Vietnam vets say opposing Trump's arch is about being "loyal to the country"
"I think it's just disrespectful to those that I served with who didn't come back," a veteran suing to stop construction of the arch told CBS News.
N.J. governor requests access to Delaney Hall ICE facility amid protests
New Jersey Gov. Mikie Sherrill is asking ICE to let her inside the Delaney Hall detention center in Newark.
HealthWatch
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Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
The latest details on the Ebola outbreak
Officials have increased the number of countries in Africa at risk for Ebola from three to 10. A third entry point is open for Americans traveling from certain high-risk countries back into the U.S. Holly Williams reports.
What to know about the chemical tank in California that forced evacuations
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
Ebola kills 3 Red Cross workers in the Congo, organization says
The three workers, who fell ill in March and died in May, were "among the first known victims of the outbreak," the Red Cross said.
Teen's mystery illness solved: "It took 18 years to get an answer"
Lucia Adarve had a long list of symptoms that no one could diagnose. Her mother Lisa was determined to find an answer.
World
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Here's what the draft memo for a proposed deal with Iran includes
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
Pope Leo calls for "disarming" of AI in technology-focused encyclical
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
Land where notorious cartel leader was killed is being auctioned
The Mexican government announced the auction of a plot of land within the country club where drug kingpin "El Mencho" died during a clash with the army in February.
Experts from Thai rescue join efforts to save 7 trapped in Laos cave
Seven Laotian villagers entered a cave five days ago searching for gold and were trapped inside after heavy rain triggered flash flooding.
Minibus crashes into elephant, killing 3 people in Uganda national park
Three people died and four others were injured after their vehicle collided with an elephant in Murchison Falls National Park, police said on Monday.
Entertainment
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American Music Awards air tonight with star-studded performances
The American Music Awards celebrate fan favorites in the music world and feature performances from multiple artists.
Extended interview: Patti LaBelle
It's been some 50 years since Patti LaBelle first sang her hit song "Lady Marmalade." As she marks her 82nd birthday, LaBelle talks to correspondent Tracy Smith about her career and what's next.
5/24: Sunday Morning
Hosted by Lee Cowan. Featured: Concours d'LeMons, Iranian propaganda, Patti LaBelle.
Patti LaBelle on being called a legend: "I have earned it"
Patti LaBelle said she's "having fun living it down" as the legendary singer marks her 82nd birthday.
The legendary Patti LaBelle
Legendary singer Patti LaBelle has been performing for six decades. Correspondent Tracy Smith talks with LaBelle at her hometown of Philadelphia as she marks her 82nd birthday.
Technology
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Pope Leo calls for "disarming" of AI in technology-focused encyclical
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
CBS News poll finds most doubt government will ensure AI used appropriately
Amid concern about AI taking jobs, people see a range of motives by AI companies.
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.
Ring founder on the Fire Watch feature
As thousands evacuate their homes in Southern California to flee the Sandy Fire, Ring doorbell and security cameras are helping residents and emergency crews stay informed and stay safe. Ring founder Jamie Siminoff joins CBS News to discuss the Fire Watch feature.
Stanford student on how AI impacted his class
A recent opinion piece in The New York Times spotlighted the impact of artificial intelligence on the 2026 graduating class at one of the world's most prestigious universities. The author, Stanford student Theo Baker, joins to discuss.
Science
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Science
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
El Niño could bring "double whammy" of high tide flooding, NOAA warns
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
Crime
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Crime
Latest on shooting near White House
21-year-old Nasire Best, the suspect linked to a shooting near the White House on Saturday, previously tried to gain access to the White House and may have had mental health issues, according to law enforcement sources and court documents. CBS News' Nicole Sganga reports.
Suspects wanted by FBI for robbing athletes' homes arrested in Chile
The thieves stole jewelry, high-end watches and souvenirs such as sports jerseys, among other belongings, police said.
Husband convicted of hiring hitman to kill NYC art dealer in Brazil
Daniel Sikkema faces a mandatory sentence of life in prison. Brent Sikkema was stabbed to death in his Rio de Janeiro townhouse in 2024.
New details on Saturday's White House shooting
The alleged gunman in Saturday's shooting at the White House had tried to gain access to the White House last year. Natalie Brand reports.
Why Kouri Richins jurors decided Utah mom was a killer
At Kouri Richins' sentencing for the murder of Eric Richins, her husband and father of their three sons, she declared her innocence to the court and to her children. But for jurors on the case, the evidence told a different story.
Space
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China launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Pope Leo encyclical on "disarming" of AI
Pope Leo XIV's major encyclical warns about the rise of artificial intelligence. CBS News' Chris Livesay reports.
Expert on U.S.-Iran peace deal developments
More details are emerging about developments in talks between the U.S. and Iran to end the war. This comes as President Trump says Middle East nations should join the Abraham Accords. CBS News analyst Aaron MacLean has more.
Lawmakers concerned over apparent Iran deal
Some lawmakers are expressing concern about the apparent U.S.-Iran peace deal taking shape. CBS News' Taurean Small reports.
What to know before the Texas primary runoff
President Trump has endorsed Texas Attorney General Ken Paxton over incumbent Senator John Cornyn before the Senate Republican runoff on Tuesday. CBS News' Fin Gómez reports.
Latest on shooting near White House
21-year-old Nasire Best, the suspect linked to a shooting near the White House on Saturday, previously tried to gain access to the White House and may have had mental health issues, according to law enforcement sources and court documents. CBS News' Nicole Sganga reports.