DETROIT-- Making ends meet is about to get more complicated for Donald Smith and Robert Wallington. The two city of Detroit retirees are potentially pitted against each other in a bankruptcy restructuring plan that would lop off much less from pensions for former police and firefighters than from retired clerks and other former city workers.» Read More
Social Security needs small fixes, but there's little political will to tackle reform, said Jack Bogle, Vanguard founder.
A new report finds that seniors who are African-American, Hispanic, female or 80 and older are more likely to face economic woes than other older Americans.
President Francois Hollande's government aims to save up to 2 billion euros annually from 2016 under a proposed reform of France's generous system of family benefits.
CNBC's Eamon Javers reports on changes made to Social Security and Medicare. Social Security now has resources sufficient to cover benefits until 2033.
A little known rule change is signaling just how meaningless the retirement vehicle has become.
An estimated 120,000 cases of fraud will rise from a single, huge data breach last year, resulting in more than $3,300 in losses, on average, for each victim.
One of the biggest challenges facing Beijing's new leadership is how to spread the benefits of growth to every citizen.
President Obama's proposal to slow Social Security spending by calculating cost-of-living increases differently has given conservatives and liberals something in common: they hate it.
Thanks to Social Security's complex rules, many recipients find out how to maximize their benefits only after it's too late to change their elections.
Robert Romasco, President of AARP, defends the organizations stand on social security reforms and the impact of entitlement program on the nation's growing deficit problem.
Claims that reform would boost the economy are challenged by those who say costs in job losses and spending on social programs would be too high a price.
President Barack Obama is expected to formally propose a controversial change in how the government calculates inflation for Social Security and other federal benefits.
President Barack Obama's budget plan would change how increases in Social Security benefits are calculated. Experts say that could be devastating to recipients who need cost-of-living adjustments to survive.
A new survey finds Boomers' fears about finances have abated, with nearly a quarter of them feeling more secure than they did 12 months ago.
President Obama is warning that it may be impossible to reach a deal with Republicans on trimming the budget deficit.
Pope Benedict XVI's retirement package – the first the Vatican has offered in almost 600 years – is a sweet deal by the average American senior's standards.
A new study found that Americans support increases in payroll taxes and taxing higher incomes for Social Security, but want minimum benefits and cost-of-living adjustments to be increased too.
CNBC's John Harwood reports House Republicans are going to propose to extend the debt limit until April 15; and Max Richtman, National Committee to Preserve Medicare; and Bill George, Harvard Business School professor, debate whether eligibility for these programs should be raised to age 70.
What happens if the U.S. does not get the spending cuts, and where is the U.S. economy headed in the next 10 years? Alan Simpson of the Fix the Debt Campaign, provides perspective.
CNBC's Eamon Javers explains why the agency needs more money.