NEW YORK, Feb 26- When Wanda Simpson reached retirement a couple of years ago, the Cleveland mom had an unwelcome companion: Around $25,000 in debt. New data reveal that Wanda Simpson has company- and plenty of it. Among families headed by those 55 or older, 65.4 percent are still carrying debt loads, according to the Washington, D.C.- based Employee Benefit Research...» Read More
A government shutdown would have far-reaching consequences at federal agencies dealing with everything from Social Security checks to national parks.
An upcoming GAO report says Social Security may have overpaid billions in benefits to people who had too much income from work to qualify.
If your golden years seem threatened because of financial setbacks, don't panic. Here are 10 tips from retirement experts on your next steps.
Rory Fitzgerald, director of the European social survey at the City University in London, comments on his survey which revealed a rise in job insecurity and a fall in trust in democracy in Europe since the crisis began.
More upbeat about their prospects, Boomers are reshaping traditional notions of how the golden years should be lived.
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.