A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
Article Excerpt: "...The analysis of 2018 data previously found that 80%—or 47 million households with older adults—are financially struggling today or are at risk of falling into economic insecurity as they age. ..."
Article Excerpt: "...A quarter of Americans have had to pull back on saving for retirement because of persistent inflation, new data shows, potentially derailing their long-term financial goals for years to come. In 2022, almost half of those who trimmed their savings, or 12%, stopped putting money away for retirement altogether, according to an annual study conducted jointly by the Global Financial Literacy Excellence Center (GFLEC)..."
Article Excerpt: "...Prior to his election as president in November 2020, then-candidate Biden laid out a four-point plan designed to overhaul Social Security and strengthen the program. Biden's plan called for increased taxation on the wealthy, as well as higher payouts for aged beneficiaries and lifetime low-earners. ..."