zGel / Getty Images/iStockphoto Generation X has faced very different economic times than their parents. They’ve grappled with multiple recessions, the tech evolution and shifting societal norms. But despite these challenges, Gen Xers didn’t just survive — many figured out how to truly succeed with their finances. Gen Xers learned from watching their baby boomer […]
When Kimberlee Davis got divorced from her husband of over 20 years in her early fifties, the financial and emotional consequences were akin to a “nuclear explosion” in her life. Having moved from the U.S. to England for her husband’s career, she had to cut all ties with her home of over a decade and […]
U.S. debt is soaring to record levels, and the Treasury Department squandered an opportunity to help ease the burden on Gen Z, a former White House economist warned. That’s as Gen Z already has enough to worry about and has grown increasingly pessimistic. High borrowing costs have kept young adults out of the housing market, […]
Ascent Xmedia/Getty Images Happy Earth Day! The holiday is a perfect time to visit One Planet, Business Insider’s hub for climate news, analysis, and action. In today’s big story, we’re looking at a new group of Americans preparing for retirement despite not really having the assets to comfortably do it. What’s on deck: But first, […]
Baby boomers, a large and influential cohort that was only recently surpassed by millennials in terms of size, started retiring in 2011. They started working around 1962, and a lot has changed since then. As baby boomers reach what was traditionally considered retirement age, they’re encountering a landscape transformed by economic, health, and societal shifts. […]
At 73, George Cavedon could be spending his days on a golf course in Florida with friends who have long been retired. But the New Hampshire resident would rather mentor younger coworkers and chat up clients than measure putts on a green. Cavedon tried out retirement in his fifties and quickly discovered it wasn’t for […]
Robert Kiyosaki, known for his bestseller “Rich Dad Poor Dad,” often takes to social media to sound the alarm on the financial health of the economy. He’s vocal about his belief in an impending economic collapse or significant recession, urging his followers to brace themselves for tough times ahead. Kiyosaki’s recent post on X dives […]
(Bloomberg) — BlackRock Inc. Chief Executive Officer Larry Fink warned of a looming “retirement crisis” facing the US and called on baby boomers to help younger generations save enough for their own futures. Most Read from Bloomberg That, he said, will prevent them from becoming disillusioned with capitalism and politics in coming years. With people […]
Boomers who once flocked to Florida are increasingly ditching the state for southern Appalachia. A recent Wall Street Journal report highlighted the so-called “halfbacks” who have settled in the region. Many of the new arrivals sought an escape from the continual threat of extreme weather in Florida. For decades, Florida has remained a top destination […]
Amid the rise of more hybrid and remote roles, talk of a four-day workweek, and the potential of AI to shake up entire industries, work in America is undergoing profound changes in the 2020s. Some employees—and their employers—think it’s also time to change how and when people retire. Of course, retirement in the U.S. isn’t […]
“Rich Dad Poor Dad” author Robert Kiyosaki recently sounded the alarm about a looming crisis for baby boomers’ retirement savings. In a social media post, he warned that the “biggest bubble in history will wipe out baby boomers” because they are “the first generation with flimsy 401(k)s.” Kiyosaki advised his followers to “buy real assets: […]
‘It’s paradise lost’: Florida’s condo market is floundering — here’s why one expert says some of the boomers who helped make the state great are the ones suffering the most Karen Shipman and her husband bought a second-story condo overlooking the Gulf of Mexico in Venice, Florida when they retired in 2021, with the hopes […]