To hear Rep. Paul Ryan tell it, a bipartisan group of congressional negotiators has the chance to take the first steps toward fixing a serious problem: a debt-ridden federal government facing an onslaught of retiring baby boomers draining entitlement programs.
Stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, older Americans appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce. Some 82 percent of working Americans over 50 say it is at least somewhat likely they will work for pay in retirement, according to a poll released Monday by the Associated Press-NORC Center for Public Affairs Research.
The Global AgeWatch Index shows that nations are not working quickly enough to cope with a population graying faster than ever before. By the year 2050, seniors over the age of 60 will outnumber children under the age of 15 for the first time in history.
Major League Baseball Commissioner Bud Selig says he plans to retire in January 2015.
Boomer Esiason used one of his daily CBS Sports Minutes – which run over 106.7 The Fan airwaves and CBS-owned sports stations across the country every half hour – to pay respects to retiring Nationals manager Davey Johnson on Tuesday.
From the two-handed groundstrokes on each side, to that out-of-nowhere victory at Wimbledon this year to her equally surprising retirement less than two months after that, Marion Bartoli has put her unique spin on a career that’s always kept people guessing.
When Michael Phelps walked away from swimming after the London Olympics, he was adamant about one thing: His career was over.
Chris Cooley will officially retire from the NFL on Tuesday, according to the Washington Post, bringing a 9-year career as the tight end for the Washington Redskins to an end.
A recent Gallup poll indicates that a significant portion of American workers plan to continue working past the age of retirement.
Late boomers and Generation=Xers might want to reconsider their retirement plans.