Baby Boomers
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SALEM, Ore.-- The unemployment rate in Oregon has dipped below 8 percent for the first time since the nation fell sharply into the Great Recession in the fall of 2008.. The Oregon Employment Department said Tuesday the state unemployment rate was 7.8 percent in May and, after a revision, 7.9 percent in April.
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More than half the oldest boomers- those born in 1946- had fully retired by the end of the year in which they turned 66, the age the Social Security Administration pegs as "full retirement age," according to a new survey by the Metlife Mature Marketing Institute.
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Major consolidation in the highly fragmented business has long been in the cards, with the industry looking to sell more funeral contracts to the U.S.'s 76 million baby boomers.
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Helping baby boomers navigate the future is becoming a big business, but now, there's a freebie: LifeReimagined.org from AARP.
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The world's biggest investors are seeking more stable cash income at home, as aging societies and tighter regulation dull risk appetite.
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LONDON, May 22- The world's biggest investors may be rethinking 20 years of boosting overseas holdings and are instead seeking more stable cash income at home, as aging societies and tighter regulation dull risk appetite.
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NEW YORK, May 17- In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. "That's the way we look at it," says Prescher, who lives with his wife, Suzan Haskins, in an apartment with a view of Mount Imbabura. "
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CHICAGO, May 15- Healthcare costs put a big squeeze on retiree pocketbooks, but the grip may be relaxing a bit. "It's good news, because it means healthcare inflation is below the cost of overall inflation- and that doesn't happen often," says Sunit Patel, senior vice president of Fidelity's benefits consulting group.
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WASHINGTON, May 15- It isn't like Federal Reserve Board Chairman Ben Bernanke and his colleagues have it in for old people- I'm sure they are all very respectful of their elders.
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CHICAGO, May 15- Healthcare costs put a big squeeze on retiree pocketbooks, but the grip may be relaxing a bit. "It's good news, because it means healthcare inflation is below the cost of overall inflation- and that doesn't happen often," says Sunit Pate, senior vice president of Fidelity's benefits consulting group.
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NEW YORK, May 8- When Barbara Grover and her husband received an inheritance they were not expecting five years ago, they planned a luxurious family trip. Rather than plowing the money back into retirement savings, the Grovers took their two daughters as well as their spouses and children along on an eight-day safari in Tanzania.
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TOKYO, April 30- In the shadows of Prime Minister Shinzo Abe's formidable PR machine, a small, tenacious group of "Abenomics" detractors is battling to be heard and waiting for their "I told you so" moment.
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*A quarter of young French people are jobless. PARIS, April 25- When she embarked on a university degree at 18, Caroline never imagined she would still be living like a student a decade later, unable to land a permanent job and stuck in a cramped spare room in her father's flat.
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WASHINGTON, April 23- By the time you are nearing the pre-retirement years, you've probably heard all that nose-to-the-grindstone advice hundreds of times: Work longer. Plow as much as possible into your 401 because you might live to be 100 and you'll need that money later. Most notably, those from fund and 401 company T. Rowe Price Group Inc..
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April 22- When Barbara and Mark Gomperts became empty nesters a few years ago, they found themselves using just a fraction of the 3,000- square-foot, five-bedroom house where they had raised their children in Vienna, Virginia.
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NEW YORK, April 19- Toyota Motor Corp plans to assemble the Lexus ES 350 sedan at its Kentucky plant in 2015, marking the first time the Japanese automaker has built a vehicle from its luxury lineup in the United States. Toyota said on Friday it will invest $360 million at the Georgetown factory, which makes the Toyota Camry and other models.
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NEW YORK, April 7- The gap between what major corporations will owe retired workers and how much they have put aside grew last year despite a strong stock market rally, according to a study set to be released on Monday by Wilshire Associates.
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WASHINGTON, April 5- Americans giving up the hunt for jobs were likely behind a sharp drop in the U.S. workforce last month, a bad sign for an economy that is struggling to achieve a faster growth pace.
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The two strongest equity sectors that have fueled the S&P 500's recovery are consumer staples and consumer discretionary stocks.
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Social Security retirement program for the next 75 years. Assistant Senate Democratic leader Dick Durbin said the panel would be modeled after the "Simpson-Bowles" deficit-reduction commission that made recommendations to Congress at the end of 2010, but failed to garner enough support to push its comprehensive budget savings through Congress.
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Growth in new money flows will slow to less than 1 percent annually for each of the next five years, according to a study by industry consultants Casey Quirk, as against 6 or 7 percent in the good old days before the crisis.
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The Federal Reserve won't change course on quantitative easing this week, Steve Weiss of Short Hills Capital says.
Tuesday, 18 Jun 2013 | 7:10 AM ETAn airline passenger records a Chinese cargo handler as he tosses boxes of something on to and off of a conveyor belt for shipment. Hopefully, the cargo was packed well.
Tuesday, 18 Jun 2013 | 9:33 AM ETPlans to take PC maker Dell private by leveraging the company's balance sheet are misguided, CNBC's Jim Cramer said on "Squawk on the Street" Tuesday, because the company is facing lower margins and an increased competition from rival Hewlett Packard.