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How the U.S. retirement system stacks up against the rest of the world

A recent global ranking of 47 retirement income systems puts the U.S. right in the mediocre middle at 22nd place.
Marketplace's senior economics contributor details findings from a new report that ranks global retirement systems.
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401(k) balances are rising, but most savers still won't have enough for retirement

Aug 18, 2023
The average 401(k) balance is a tenth of what a middle-class person would need to maintain their lifestyle, one expert says.
Marketplace's senior economics contributor details findings from a new report that ranks global retirement systems.
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When you find your calling late in life, retirement can wait

Oct 11, 2022
Susan Labarthe didn't start medical school until her 50s. Her 80th is around the corner, but she's not done practicing medicine yet.
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Older consumers may be less inclined to go out and spend as the pandemic continues

Oct 28, 2020
Though rising stock and home values have helped older workers and retirees, they have less time to make up for financial losses.
Older Americans are also more leery of going out in the pandemic to shop at the mall, go to the gym or take a trip, according to data from research firm Morning Consult.
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GE freezes pensions as the benefit becomes endangered in private sector

Oct 8, 2019
General Electric is freezing its pensions for 20,000 non-union workers and will offer pension buyouts for another 100,000 former employees. GE said the move will save $8 billion, part of a plan to shed some of the company’s considerable debt. The move, from one of America’s most iconic corporations, is just one more step in […]
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How a new rule could affect your retirement savings

Oct 6, 2016
To lure more investors, BlackRock is cutting ETF fees.
BlackRock's iShares are expected to rise in popularity.
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Hispanic millennials make less, but save more

Aug 3, 2016
A Wells Fargo survey says most millennials don’t think they can stash away $1 million by the time they retire, and the situation is more critical for female and Hispanic millennials.
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Many boomers can't afford to retire

Aug 3, 2015
Lost wealth from the recession and longer life expectancy are partly to blame.