More than half of non-retired US adults expect to rely on Social Security in retirement
CNN
Social Security is by far one of the most popular government programs in the United States because it is critical for so many retirees’ financial security.
Social Security is by far one of the most popular government programs in the United States because it is critical for so many retirees’ financial security. And it will be just as important for US adults who have yet to retire. That’s also why so many Americans worry about how their benefits might change given that the program in less than a decade is expected to have a revenue shortfall. That would mean there would only be enough revenue coming in to pay a majority of one’s promised benefits, but not 100%. More than half of non-retired US adults (53%) overall said they expect they will need to use Social Security to pay for necessary expenses, according to a new survey from Bankrate. Among those 60 and older — i.e., closest to retiring — 69% said they will be reliant on Social Security benefits, with 47% saying they expect to be “very reliant.” That is below the 77% of current retirees surveyed who said they are relying on their benefits to pay for necessary expenses, according to the survey. Of that group, 62% said they are “very” reliant. That shouldn’t be surprising. Social Security benefits only replace a portion of Americans’ pre-retirement income. Your savings (and pension if you have one) will have to make up the rest. And many Americans have not saved enough money or do not have a large enough pension to provide sufficient retirement income on their own.
Jersey Mike’s Subs is selling a significant stake to private equity giant Blackstone, ending its nearly seven-decade run as an independently owned business that transformed into a major competitor against well-entrenched competitors like Subway.
Walmart’s business is surging. Customers making more than $100,000 a year are fueling the growth.
The president-elect’s plan to deport millions of undocumented immigrations may backfire, driving up the cost of homebuying even further.
In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. The cryptocurrency topped $70,000 in March, according to coinmarketcap.com.
Donald Trump is returning to the White House without many of the guardrails of his first term.
Donald Trump’s agenda as US president will include overseeing the development of artificial intelligence, potentially the most powerful technology of our time. He has promised to “slash excess regulations” and tapped tech billionaire Elon Musk to help lead the effort.
Brazil’s first lady, Janja Lula da Silva, swore while addressing billionaire Elon Musk during a G20 event on the weekend, at which she spoke about the need to regulate social media to rein in misinformation.
Young American adults are increasingly getting their news from social media influencers, a majority of whom are men and lean to the right, according to a new study from the Pew Research Center.
President-elect Donald Trump’s pick for chairman of the Federal Communications Commission signaled that it won’t be business-as-usual at the country’s communications regulatory agency
Novo Nordisk said Monday it has launched its popular obesity drug Wegovy in China, the world’s second-largest pharmaceuticals market where it estimates more than 180 million people live with obesity.
MSNBC co-hosts Joe Scarborough and Mika Brzezinski “went to Mar-a-Lago to meet personally” with President-elect Donald Trump, Brzezinski revealed at the beginning of Monday’s show. The Friday rendezvous was “the first time we have seen him in seven years,” she added.