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Poverty

Cracking Open Today's Retirement Strategies

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The days when workers could count on a comfortable retirement after a lifetime of company devotion are a distant memory for most. Public pension funds across the country teeter on the edge of collapse, and the traditional company pensions that sustained previous generations through their golden years are fading into the sunset.

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Older Americans are not 'living the high life' despite study's findings

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A Pew Research Center study gives a distorted view of how elders are faring in today's economy.

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Have seniors gotten rich at the expense of young adults?

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You might think so if you read some recent stories in the news about wealth differences among generations. But you may want to think again.

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Young people more likely to retire in poverty, according to study

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Approximately half of California workers will retire in or near poverty, according to a study published Monday by the UC Berkeley Center for Labor Research and Education.

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UC Berkeley report sees tough times for California retirees

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California workers are less likely than most Americans to have employer-sponsored retirement plans, according to a new academic report, and nearly half of them will retire in or near poverty status.

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Shining a light on a hidden pension world

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In a new book, Retirement Heist, prize-winning journalist Ellen Schultz has provided the ultimate backstage pass to the world of pensions, with plenty of drama and shocking details.

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A race to the bottom?

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New Census Bureau data released earlier this week shows that more Americans are living in poverty now than at any time since 1993. While an increase might be understandable, given the uncertain economy, the numbers are still staggering.

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‘New Normal’ for Retirement: Get a Job

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Middle-class Americans need more help than they realize in planning for retirement, according to the results of a survey from Wells Fargo & Co.

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More At Risk of Missing Retirement Goals

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A greater number of U.S. households are at risk of falling short of money in retirement because of the housing and financial crisis, according to a report.

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Poverty and older Americans: A look behind the numbers

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New data released by the U.S. Census Bureau contains information that may come as a surprise: Of the age groups surveyed (ages 18 and under, ages 18-64 and individuals age 65 and older), it was the group of Americans age 65 and older who have the lowest rate of poverty at 9.7 percent. More...

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