×

People Baby Boomers

  • WASHINGTON— Alicia Johnson and her husband wanted to renovate their home last fall but ran into a roadblock: When they tried to refinance their mortgage and borrow against their equity, five banks said no. Problem was, the Johnsons' mortgage covered their home in Christiansburg, Virginia, and some adjacent land— a deal-breaker. "They all pointed to the same thing: The...

  • JACKSONVILLE, Ore.— Bill and Barbara Steele moved to this sleepy corner of Oregon to start their own winery after successful, high-powered business careers. Recreational marijuana won't be legal in California until next year, but a few miles north of the border in Oregon, a handful of winemakers are experimenting with pot in hopes of increasing their appeal...

  • WASHINGTON— The Trump administration's budget plan for 2018 assumes that a mix of sharp spending and tax cuts can both shrink the deficit and fuel economic growth of 3 percent a year— a level it hasn't achieved in more than a dozen years. They say there are multiple flaws with the numbers unveiled by President Donald Trump's budget director, Mick Mulvaney.

  • Older couple meeting with a financial advisor

    Pessimism about financial health may cause retirees to withdraw less from their investment accounts, a new study finds. Here's what to know.

  • Executive Edge: Baby Boomer entrepreneurs

    When it comes to launching new businesses, Baby Boomers are outpacing millennials, reports CNBC's Kate Rogers with a look at a 65-year old man in Philadelphia who's not ready to retire just yet.

  • While paternity leave is growing at top companies, many men are reluctant to use it.

  • Starting a start-up

    Entrepreneurs create 2 out of every 3 new jobs, according to the Small Business Administration. But instead of retiring, baby boomers are starting about twice as many new businesses as millennials. We ask the Kauffman Foundation’s Victor Hwang about the state of start-ups.

  • CHICAGO, April 20- Can you count on your Social Security benefits when retirement rolls around? Most Americans worry about this- partly due to the nonsense they hear from political opponents of Social Security and ill-informed media. You will hear that the program is bankrupt, its reserves are nothing but a bunch of IOUs, or that Social Security is a Ponzi scheme.

  • NEW YORK, April 3- Honesty time: What is your most embarrassing drunk purchase? $400 worth of orange Agent Provocateur lingerie. 14 separate Snuggies, in blue. "What is interesting is that people are not just buying something small, like a pizza slice or a pack of cigarettes," says Michelle Hutchison, Finder.com' s money expert.

  • NEW YORK, April 3- Honesty time: What is your most embarrassing drunk purchase? $400 worth of orange Agent Provocateur lingerie. 14 separate Snuggies, in blue. "What is interesting is that people are not just buying something small, like a pizza slice or a pack of cigarettes," says Michelle Hutchison, Finder.com' s money expert.

  • NEW YORK, April 3- Honesty time: What is your most embarrassing drunk purchase? $400 worth of orange Agent Provocateur lingerie. 14 separate Snuggies, in blue. "What is interesting is that people are not just buying something small, like a pizza slice or a pack of cigarettes," says Michelle Hutchison, Finder.com' s money expert.

  • NEW YORK, April 3- Honesty time: What is your most embarrassing drunk purchase? $400 worth of orange Agent Provocateur lingerie. 14 separate Snuggies, in blue. "What is interesting is that people are not just buying something small, like a pizza slice or a pack of cigarettes," says Michelle Hutchison, Finder.com' s money expert.

  • LONDON, March 31- Diageo, the world's largest spirits maker, spotted in 2015 that drinkers in the emerging middle class in Ghana and Cameroon were keen to show off their new status by buying their own bottles of Johnnie Walker rather than shots. The company increased production of smaller bottles, helping to lift Johnnie Walker sales 12 percent in Africa in the...

  • Retirement seniors working small business

    Baby boomers are flocking to cities that offer affordable housing, great health care and strong job prospects.

  • Polaris now wants to attract new riders with "fun" electric motorcycles as it focuses on the storied Indian brand, which it bought in 2011, Steve Menneto, president of its motorcycles division, told Reuters. Polaris and larger rival Harley-Davidson Inc are increasingly targeting price-conscious millennials as demand skids for big bikes in the United States,...

  • Feb 21- Tiffany& Co on Tuesday struck a surprise deal with JANA Partners, an activist investor and now a shareholder, agreeing to add three directors to its board as the luxury retailer tries to entice younger shoppers and revive struggling sales. Tiffany, whose jewelry is a status symbol and popular among A-list celebrities and politicians, said on Feb. 5 that CEO...

  • $30 trillion is about to change hands in the U.S.

    The coming transfer of $30 trillion in assets from baby boomers to their heirs is creating challenges for clients and advisors alike.

  • NEW YORK, Feb 13- When it comes to romantic screwups, missing Valentine's Day is about as bad as it gets. Kathryn Hauer does that every single year. Almost two in five Americans, or 39 percent, have celebrated their love after Valentine's Day.

  • CHICAGO, Jan 17- Caesars Entertainment Corp has wrapped up the $18 billion bankruptcy of its main operating unit, allowing the casino company to focus on restoring the tarnished Harrah's, Caesars and Horseshoe brands after two years of Chapter 11 proceedings. Caesars' subsidiary, Caesars Entertainment Operating Co Inc, won court approval on Tuesday for a plan...

  • WASHINGTON, Jan 6- U.S. employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year. Nonfarm payrolls rose by 156,000 jobs last month, the Labor Department said on Friday.