Boomer wealth transfer will mostly benefit the already rich, report finds
Trillions of wealth passed down by the baby boomers will likely go to younger Americans who are already rich. Here's how much they'll get.
Watch CBS News
Trillions of wealth passed down by the baby boomers will likely go to younger Americans who are already rich. Here's how much they'll get.
Allianz survey finds that nearly two-thirds of Americans are more worried about running out of money in retirement than they are about dying.
Americans have big financial goals for what they think they'll need for a comfortable retirement, a new survey finds.
Inflation affects all areas of American life from grocery shopping to choosing where to live. A survey found that 37% of Americans are even neglecting their social lives due to high prices. Lifestyle expert Maureen Petrosky joins CBS News to discuss.
Baby Boomers have collected a lot over the years, leaving their children to figure out what to do with it all. Professional organizer Mindy Godding joins us to share expert advice on how to manage the overwhelming task of clearing out family heirlooms and belongings.
Gen Z employees will outnumber Baby Boomers in the U.S. workforce by the end of this year, according to a Glassdoor report. Scott Dobroski, career trend expert for Indeed, joins to discuss.
38% of Gen Z and millennials say they are having a harder time growing financial wealth compared to their parents at the same age, according to a new survey from Bankrate. Sarah Foster, an analyst at Bankrate, joined CBS News to discuss the findings.
1 in 4 older Americans may have to work longer or scrimp and save to make ends meet in their golden years, a new study suggests.
Baby boomers are outbuying and outbidding millennials in the U.S. housing market. Senior real estate reporter with Insider, James Rodriguez, joined CBS News to break down the trends among homebuyers.
Several races across the country made history this election season. CBS News Anchors Lana Zak and Errol Barnett spoke with the director of the University of Virginia's Center for Politics, Larry Sabato, about what this means for the U.S.
A growing number of baby boomers are experiencing homelessness amid rising rents and inflation. The number of homeless people over 55 is expected to swell to 225,000 nationwide by 2026, according to one study. Jonathan Vigliotti takes a look.
A new poll conducted by CreditCards.com shows that most parents with adult children have paid for a number of their expenses. A senior analyst for the site, Matt Schulz, joins CBSN to discuss this ongoing trend and its effects on the economy.
Millennials, born between the early '80s and mid-'90s, make up the largest living generation, bigger than Baby Boomers and Generation X. Their money, their attention and their votes are all in demand. But identifying millennials is complicated by a divide within the generation, with their formative years split by the financial crisis, smart phones and social media. Bianna Golodryga met some millennials to get their reactions to stereotypes about them. Refinery29 chief content officer Amy Emmerich also joins "CBS This Morning" to discuss the generation.
Baby boomers are reinventing their careers as many work past the traditional age of retirement. Reasons for working past age 65 include not being able to afford retirement and needing income or health benefits. Career coach John Tarnoff joins "CBS This Morning" to discuss his new book, "Boomer Reinvention: How to Create Your Dream Career Over 50."
Vice President Joe Biden said he will not seek the the Democratic party's nomination for president; Julia, a new character on Sesame Street, lives with autism
Financial planners are saying that four in 10 baby boomers have no retirement savings at all and nearly 70% have no pension plans. Anthony Mason has more on how many boomers are forced to continue working instead of enjoying retirement.
As people enter retirement, some may want to look into retiring in a college town. As Don Dahler explains, colleges are creating partnerships with retirement communities that benefit both retirees and the colleges.
Millions of baby boomers are approaching retirement or have already given up their jobs, but many don't want to kick back. Julianna Goldman reports on 75-year-old Seth Goldstein who's creating inventions for passion, not a paycheck.
Applications for senior roommates have tripled in New York over the past six years. Vinita Nair reports on how "Boomer Roomies" are helping one another.
Benji Backer, president and founder of the American Conservative Coalition, joins CBSN's Lana Zak with his insight into what is driving this generational gap over climate change and why the Republican Party has to move past being the party of climate denial.
Author Leigh Gallagher joins MoneyWatch's Amey Stone to discuss the changing face of American suburbia, what people are looking for when choosing a town to live in, and why many baby boomers are opting to stay in the city.
Some baby boomers are moving outside the U.S. to stretch their dollars.
Officials warning the nation about the coronavirus threat are increasingly worried that baby boomers and young adults are not heeding their advice. In Florida, spring breakers are taking advantage of the beaches that are still open. However, some college students are finally seeing a reason to be worried. Manuel Bojorquez speaks to a Vanderbilt University senior who tested positive for the virus.
The Cigna 2020 Loneliness Index found 61% of adults reported feeling lonely.
It was invoked by Chief Justice John Roberts in an age discrimination case.
Lawmakers have ceded much of their authority to the president – and Washington has been plagued by gridlock.
In addition to the two U.S. service members killed, a third is missing in action, U.S. Central Command said.
White House border czar Tom Homan said "I think body cameras are the way to go" after fatal shootings by federal immigration officers in Texas and Maine earlier this month.
Nine people were shot and injured in a shooting in Tucson, Arizona, early Sunday morning, police said. A suspected gunman was shot and wounded by police.
One person was killed and 16 others wounded in the overnight Russian attack on Kyiv, local authorities said.
A U.S.-Iranian woman who was trapped in Iran on allegations of espionage and collaborating with a hostile state that her attorney called "bogus" departed the country earlier this week.
Boston police are investigating the discovery Saturday of a dead body that was found at a property that is owned by the husband of Congresswoman Ayanna Pressley.
Influencer brothers Andrew and Tristan Tate have been arrested by federal authorities Saturday in Miami.
Sen. Mark Warner said he'll vote against Jay Clayton as director of national intelligence, citing disappointment in his testimony at a confirmation hearing last week despite his previous optimism about the nominee.
On this "Face the Nation with Margaret Brennan" broadcast, Sen. Mark Warner and border czar Tom Homan join Margaret Brennan.
Nine people were shot and injured in a shooting in Tucson, Arizona, early Sunday morning, police said. A suspected gunman was shot and wounded by police.
Sen. Mark Warner said he'll vote against Jay Clayton as director of national intelligence, citing disappointment in his testimony at a confirmation hearing last week despite his previous optimism about the nominee.
Spain and Argentina will compete in the 2026 FIFA World Cup final at MetLife Stadium in New Jersey on Sunday.
White House border czar Tom Homan said "I think body cameras are the way to go" after fatal shootings by federal immigration officers in Texas and Maine earlier this month.
Target said it received 23 reports of the sandal's pearls falling off the shoe.
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
Trillions of wealth passed down by the baby boomers will likely go to younger Americans who are already rich. Here's how much they'll get.
A cybersecurity incident has forced Coca-Cola to suspend Fairlife milk production in the U.S. An investigation is underway.
On this "Face the Nation with Margaret Brennan" broadcast, Sen. Mark Warner and border czar Tom Homan join Margaret Brennan.
Sen. Mark Warner said he'll vote against Jay Clayton as director of national intelligence, citing disappointment in his testimony at a confirmation hearing last week despite his previous optimism about the nominee.
The following is the transcript of an interview with CBS News contributors Chris Krebs and David Becker that aired on "Face the Nation with Margaret Brennan" on July 19, 2026.
White House border czar Tom Homan said "I think body cameras are the way to go" after fatal shootings by federal immigration officers in Texas and Maine earlier this month.
The following is the transcript of an interview with Sen. Mark Warner, Democrat of Virginia, that aired on "Face the Nation with Margaret Brennan" on July 19, 2026.
Ronald Gould is a federal judge on the Ninth Circuit Court of Appeals in Seattle, one rung below the U.S. Supreme Court. At 79, he shoulders a full caseload despite living with progressive multiple sclerosis. He talks with CBS News chief medical correspondent Dr. Jon LaPook about working with MS, a condition he faces with grit and a healthy dose of humor. LaPook also talks with one of Gould's former law clerks, Karla Gilbride, an attorney who has been blind since birth.
Studies show that having a positive outlook about aging, and having good social networks, can have positive health benefits, from preventing memory loss to a longer life expectancy. Actor Ted Danson presents "Sunday Morning" viewers with advice on how to embrace aging.
One New York couple depleted their retirement and savings accounts, paying out-of-pocket for healthcare, before they were able to access Medicaid funds.
One New York couple depleted their retirement and savings accounts, paying out of pocket for healthcare before they were able to access Medicaid funds. They are among many Americans facing the same challenges. Jericka Duncan has the story.
A cyclospora outbreak, which has sickened thousands of people nationwide, is believed to have been traced to contaminated lettuce from Mexico supplied by produce giant Taylor Farms. Ian Lee has the latest.
Spain and Argentina will compete in the 2026 FIFA World Cup final at MetLife Stadium in New Jersey on Sunday.
The following is the transcript of an interview with CBS News contributors Chris Krebs and David Becker that aired on "Face the Nation with Margaret Brennan" on July 19, 2026.
The following is the transcript of an interview with Sen. Mark Warner, Democrat of Virginia, that aired on "Face the Nation with Margaret Brennan" on July 19, 2026.
The following is the transcript of an interview with Tom Homan, Trump administration border czar, that aired on "Face the Nation with Margaret Brennan" on July 19, 2026.
The following is the full transcript of an interview with Bank of America CEO Brian Moynihan, a portion of which aired on "Face the Nation with Margaret Brennan" on July 19, 2026. Editor's note: This interview was taped on July 16, 2026.
Rolling Stone writer Barry Walters, author of the music history "Mighty Real," says the latest ballad by British singer Sam Smith is a step forward from LGBTQ love songs being marginalized.
Rolling Stone writer Barry Walters, author of the music history "Mighty Real," says the latest ballad by British singer Sam Smith is a step forward from LGBTQ love songs being marginalized.
A new HBO Max comedy series – a spin-off from "The Big Bang Theory" – features comic book store owner Stuart Bloom (Kevin Sussman) as an unlikely action hero trying to restore order to a disintegrating universe. Luke Burbank talks with Sussman, co-star Lauren Lapkus, and series creators Chuck Lorre, Bill Prady and Zak Penn, about taking "The Big Bang Theory" characters into uncharted worlds.
Throughout family hardships, divorce, and losing her voice to Lyme disease, Shania Twain became the top-selling female country artist of all time. She talks about her biographical new album, "Little Miss Twain," in which she reflects on her life with a smile.
In this web exclusive, singer-songwriter Shania Twain, then performing at Wembley Stadium in London, talked with correspondent Seth Doane about the cathartic experience of creating her autobiographical new album, "Little Miss Twain."
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
An AI expert said the telltale signs people once relied on, such as distorted fingers, unnatural eyes, or other obvious visual flaws, have largely disappeared as technology has improved.
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.
New York is now the first state to temporarily ban data center construction, paving the way for others to follow suit. Environmental advocate Erin Brockovich joins "The Takeout" to discuss.
Noise from a Mississippi plant powering Elon Musk's xAI data centers in the area is causing migraines, ringing ears and sleepless nights, residents say.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Nine people were shot and injured in a shooting in Tucson, Arizona, early Sunday morning, police said. A suspected gunman was shot and wounded by police.
Deputies in Brazos County have arrested Charles Medina, 31, charging him with manslaughter.
A young mother disappears. Investigators say her husband contacted spellcasters to put a hex on his wife so she wouldn't leave him. "48 Hours" contributor Jonathan Vigliotti reports.
A California mother disappears without a trace – did her husband try to have a hex put on her so she wouldn't leave him?
Forty-two-year-old Abdikerm Eidleh appeared in federal court in St. Paul on Friday, just weeks after he was arrested in Mogadishu.
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
CBS News contributors David Becker and Chris Krebs joined "Face the Nation with Margaret Brennan" in the wake of President Trump's primetime speech last week accusing China of accessing election data. Meanwhile, Homeland Security Secretary Markwayne Mullin said that if election officials do not secure elections, they could face fines or "depending on how far it goes, prison time." Becker said "hardly a week goes by where someone in this administration doesn't threaten election officials with arrest … it's become almost a running joke."
Amid questions about immigration agents' actions in deadly shootings this month in Texas and Maine, Trump administration border czar Tom Homan told "Face the Nation with Margaret Brennan" that "I think body cameras are the way to go," adding that body cameras "let the American people know what that officer sees when he takes that action."
Missed the second half of the show? New York Gov. Kathy Hochul, White House border czar Tom Homan and Bank of America CEO Brian Moynihan join the show.
Bank of America CEO Brian Moynihan told "Face the Nation with Margaret Brennan" that he has been hearing from customers that "affordability is a challenge" amid rising gas and food prices and inflation, but he added that "in the last couple months, we're seeing the wage growth of all income cohorts kind of coalesce together around 3 to 4% which is good."
In the wake of the deaths of two U.S. service members over the weekend at a Jordanian military base, Democratic Sen. Mark Warner of Virginia told "Face the Nation with Margaret Brennan" that "these bases have been on and off under attack" since the beginning of the war of Iran, which he described as a "war of choice."