Still, the typical retiree also relies on other sources of income to boost everyday budgets.
With an aging population and declining birth rate, immigrants have helped fill necessary voids in the labor supply.
After two years of unemployment and feeling invisible, Stuart Morris changed his mindset to get back to work.
National spending on health care will surpass 20% of GDP by 2033, up from 17.6% in 2023, according to new government estimates.
The steady stream of young women joining religious orders stopped decades ago. That means the sisters who remain have little income and fewer peers to lean on for care.
And their amount of debt is also on the rise. That’s pushing more households into the ranks of the financially precarious.
“It’s like we’re back in our dorm in college,” said Kirsten Harrison, a resident of a senior housing community in Minnesota.
An aging population has transformed the local economy of Cumberland County, Tennessee. What lessons can be learned for the broader economy?
As part of our new series, “The Age of Work,” Marketplace is exploring the aging U.S. labor force.
At the Watkins Manor assisted living facility, eight students live and volunteer with 45 senior residents.