Author name: israt

“A government bureau is the nearest thing to eternal life we’ll ever see on this earth,” Ronald Reagan once quipped, and nowhere is that better demonstrated than in the Social Security Administration. Social Security is in dire financial straits. The administration’s expenses have already exceeded revenue for years, and the program’s cash reserves are quickly depleting. The program has outlived […]

Renters have lived in their current homes for four years, on average, according to a new study. The survey of 2,000 American renters found that 28% have even stayed planted for longer, residing in their rentals for seven years or more. And within that group, baby boomers (41%) and Gen X (28%) have remained in

From cheaper homes to free-flowing pensions, boomers built fortunes — now holding over half of U.S. wealth despite being one-fifth of the population. It’s a common complaint from young adults these days — the oldies had it easier financially, in particular the baby boomers, those born between 1946 and 1964. And while it’s never going to

Gen Z is often branded lazy and financially irresponsible—but baby boomer NYU professor Suzy Welch has sympathised that the young generation’s attitude comes down to having “no reason to believe that they’re ever going to have economic security.” Plus, they may feel like it’s pointless to climb the career ladder in the midst of an impending environmental

Tom Rairdon, 75, began trading meme stocks to combat boredom in retirement. He ended up nearly doubling his portfolio in three years by trading high-volatility stocks. He told Business Insider his strategy for passing the time while earning “Vegas money” on the side. Nobody told Tom Rairdon how dull retirement would be. <cs-card “=”” id=”native_ad_collapse-inarticle-0″ part=”” size=”_1x_2y”>        After working in the radio

President Donald Trump appears to have experienced a modest recovery in approval among baby boomer voters after a steep decline at the start of the summer, according to new polling. InsiderAdvantage polling shows that in May, Trump’s approval rating with the 65+ age group stood at 45 percent, with 54 percent disapproving, reflecting a net approval of