WASHINGTON, May 22- There were no fancy economic models or forecasts when former Florida Governor Jeb Bush first tossed out the idea that 4 percent annual growth should be the overarching goal for the U.S. economy. But what started as a casual suggestion during a 2010 conference call with advisers to the George W. Bush Institute, a public policy center in Dallas, has...» Read More
Warren Buffett is leaving his billions to charity, and many boomers are following suit to avoid turning their kids into rich loafers.
A new ILO report finds the gender pay gap may not close for more than 70 years at the current rate.
CHICAGO, Feb 19- Nancy Kessler spent much of her career as a museum curator, but she also has had a lifelong love of working with older people. During one stint working with Alzheimer's patients, she noticed a gap in one type of caregiving: "There is a lot of wellness and physical therapy but not much intellectual stimulation." Kessler, who lives in Mount Kisco, New York,...
NEW YORK, Feb 5- Anielle Troyan, a call center worker in New York, shops at discount retailers such as Family Dollar for items like soap and detergent as well as groceries like Kraft macaroni and cheese and small-sized condiments. Customers like Troyan are one reason why Kraft Foods Group Inc reversed course after considering stopping the sale of single-serve...
WASHINGTON, Jan 26- The U.S. budget deficit will decline slightly to $468 billion this fiscal year, the lowest level since President Barack Obama took office, congressional forecasters said on Monday in a report heralding the end of a brief period of dramatically shrinking red ink. Republicans now in control of Congress seek to eliminate deficits within 10...
NEW YORK, Dec 9- Fund managers are stampeding into shares of U.S. long-haul trucking company Swift Transportation Co as oil prices touch five-year lows, but some analysts say a shortage of drivers may slam the brakes on the rally. Portfolio managers from Goldman Sachs, Fidelity, and Federated Investors were among the 65 funds that added Swift shares to their...
STOCKHOLM, Dec 2- Like most of Europe, Sweden is struggling with an ageing population. But in fact Sweden's canny social policies are the reason so many of its baby boomers are choosing to keep going to the office. The country's pensions reform and generous parental leave have resulted in Europe's highest employment rate- with a strong showing among women and the...
Home ownership rates in will likely fall to levels last seen in the 1980s as millennials wait longer to form households, DoubleLine's Gundlach said.
Scammers posing as distressed grandkids are scamming grandparents into sending them money wires and credit cards. FT reports.
Six years after the financial crisis, birth rates haven't bounced back. For the economy, that's bad news.
AARP has entered the crowded online travel field, hoping to cater to retirees.
Millions of boomers will turn 65 from now through 2030. With increased demand for 55-plus communities, there's now a new surge in the housing market.
P.J. O'Rourke, political reporter and "The Baby Boom" author, explains why he does not think the baby boom generation is not responsible for any of the problems in the world right now.
Newly leaked documents reveal China is about to relax its 1-child policy. Gordon Chang, author and Forbes.com columnist, and Ann Lee, New York University adjunct professor of economics and finance, discuss if a Chinese baby boom is in the making and what that means to their economy.
The weak economy has caused more young adults to move back in with their parents, and some of those kids are bringing their own children with them.
If your golden years seem threatened because of financial setbacks, don't panic. Here are 10 tips from retirement experts on your next steps.
Jerry Webman, Chief Economist & Senior Investment Officer at Oppenheimer Funds, says a demographic wave is hitting the U.S. economy, which will help the household sector.
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.
Helping baby boomers navigate the future is becoming a big business, but now, there's a freebie: LifeReimagined.org from AARP.
The world's biggest investors are seeking more stable cash income at home, as aging societies and tighter regulation dull risk appetite.