![Piggy Bank Climbing a Stair](https://cdn.statically.io/img/assets1.cbsnewsstatic.com/hub/i/r/2024/06/10/60a7b3b9-e645-465b-b807-2e89ee8318ff/thumbnail/640x360/ec37cde13a2a98ea2e01d53b2010fdf5/gettyimages-1302807465.jpg?v=bc37a4cad39dacb7e4b48f11b71f691b)
Only 1 in 5 workers nearing retirement is financially on track
A new study finds that the median retirement savings of people who are 55 is just $50,000, far from what experts recommend.
Watch CBS News
A new study finds that the median retirement savings of people who are 55 is just $50,000, far from what experts recommend.
Older Gen Xers are turning 59 ½ this month, when they can withdraw retirement assets without a penalty. But many don't have enough saved.
With a relatively low average monthly cost of living and a low crime rate, this little-known town has a lot to offer retirees according to one report.
The U.S. is reaching "peak 65," marking the largest retirement wave in American history. But the financial outlook for many is grim.
Americans are underprepared for retirement, with the average account holding just $88,400 in savings.
BlackRock CEO Larry Fink said that longer life expectancies are "putting the U.S. retirement system under immense strain."
About 1 in 8 workers think they'll retire by age 61. But the reality of saving for decades of expenses is daunting.
America's retirement system has left behind 90% of workers. "We see big gaps with the rich and the poor in terms of who gets to retire," one expert said.
Former "Monty Python" star Eric Idle said people "always assume we're loaded." He added, "I have to work for my living."
How far retirees are able to stretch their savings depends largely on where they choose to settle down, one analysis shows.
Only about 1 in 10 Americans understands the basics of longevity, or how long they'll live in retirement. Can you pass the test?
Over the next few years, the U.S. could see a surge in seniors living in poverty, one retirement expert predicts.
The gap between what people think they'll need for old age and their actual savings is massive, even for those nearing retirement.
Seniors and other recipients of the Social Security program may get a cost-of-living adjustment of 3.1% next year, one forecast says.
Even a brief interruption in plan contributions can affect people's financial goals years down the road, experts say.
President Biden lambasted the multi-pronged initiative that was crafted by conservative think tanks, claiming it is "run and paid by Trump people, his top policy people."
A county in Nevada is the third in recent months to have a local official refuse to certify election results.
In November, Westheimer was named New York's honorary ambassador to loneliness.
Gloria Allred, an attorney for Halyna Hutchins' parents and sister, said she "respectfully disagrees" with the court's decision.
The Gaza Health Ministry said 289 others were injured in the attack that struck the Khan Younis area.
Giuliani himself asked for the dismissal, after months of missing court deadlines in his bankruptcy case.
Sierra Butler was offered the opportunity to be just one of two people enrolled in a clinical trial looking at a therapy that could put her lupus into remission.
Krejcikova is a 28-year-old from the Czech Republic who added this trophy to her championship at the French Open in 2021.
Five people were driving Thursday morning near a semi-centennial geyser thermal pool when it went off the road.
Gloria Allred, an attorney for Halyna Hutchins' parents and sister, said she "respectfully disagrees" with the court's decision.
A county in Nevada is the third in recent months to have a local official refuse to certify election results.
In November, Westheimer was named New York's honorary ambassador to loneliness.
Five people were driving Thursday morning near a semi-centennial geyser thermal pool when it went off the road.
The Scattergood-Thorne Conferencing Center, now an event site for the American spy agency, was once home to two pioneering women.
AT&T said it learned about the hack in April, but it delayed alerting customers due to federal investigations. Here's what to know.
Beginning July 15, the airline is also changing its uniform policy due to the incident.
Here are the different kinds of scams to be aware of if you're planning on going to the Paris Olympics.
The iconic band claims Brinker International used portions of their hit song "Sabotage" in a Chili's ad without permission.
Auto insurance has gone up 19.5% since June of last year, according to the latest Consumer Price Index data. The reason? Getting T-boned by inflation.
A county in Nevada is the third in recent months to have a local official refuse to certify election results.
President Biden lambasted the multi-pronged initiative that was crafted by conservative think tanks, claiming it is "run and paid by Trump people, his top policy people."
Meta said it was lifting restrictions placed on the Facebook and Instagram accounts of former President Donald Trump 17 months ago, ahead of the Republican National Convention.
President Biden has been talking with Democratic constituencies in an effort to shore up support for 2024 race as some Democratic lawmakers call for his exit.
Giuliani himself asked for the dismissal, after months of missing court deadlines in his bankruptcy case.
Sierra Butler was offered the opportunity to be just one of two people enrolled in a clinical trial looking at a therapy that could put her lupus into remission.
The three were culling poultry at a farm when they showed mild symptoms, including pink eye and common respiratory infections, state health officials said.
You might've heard of rage rooms — places to smash things to relieve some stress — but how about a place to go cry in comfort?
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
Researchers at the American Cancer Society found more than 40% of all cancer deaths among U.S. adults could be linked to lifestyle risks that can be changed.
The celebrations of Anant Ambani marrying Radhika Merchant took place at the Ambani-owned Jio World Convention Centre in Mumbai and the family home.
The Metropolitan Police said a 34-year-old suspect has been detained at a train station in the city of Bristol.
Krejcikova is a 28-year-old from the Czech Republic who added this trophy to her championship at the French Open in 2021.
French sports minister Amélie Oudéa-Castéra, dressed in a body suit, dove into the famous river.
Kate, wife of heir to the throne Prince William, will be in the Royal Box on Centre Court to watch defending champion Carlos Alcaraz play Novak Djokovic.
Gloria Allred, an attorney for Halyna Hutchins' parents and sister, said she "respectfully disagrees" with the court's decision.
Dr. Ruth Westheimer, the radio/TV host and bestselling author who had an impact on millions with her frank talk on sex, died Friday, July 12, 2024 at age 96. In this profile from correspondent Martha Teichner that originally aired on "CBS Sunday Morning" on February 17, 2002, Westheimer talked about championing sexual literacy, having fun being "Dr. Ruth," and what she was looking for in a companion.
Tens of thousands descended in Las Vegas for the World Series of Poker. A record number of entrants are in this year's event. Jeff Glor has more.
A judge Friday tossed out the manslaughter case against Alec Baldwin in the "Rust" movie set shooting. The case fell apart when the defense successfully argued that the prosecution withheld evidence. Elise Preston was inside the court when it happened.
Judge Mary Marlowe Sommer dismissed the case with prejudice based on the misconduct of police and prosecutors.
AT&T on Friday disclosed that hackers had accessed records of calls and texts of "nearly all" its cellular customers for a six-month period between May 1, 2022, and Oct. 31, 2022. Jo Ling Kent reports.
AT&T disclosed yet another major data breach on Friday. The company said a third party illegally downloaded call and text records for nearly all its 109 million customers with accounts between May and October 2022. CBS News senior business and technology correspondent Jo Ling Kent is following this story.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
It's more important than ever to scrutinize what you see online. These three tips from CBS News Confirmed will help you know what to trust.
The FCC and law enforcement officials are investigating a massive data breach disclosed by AT&T where hackers accessed records of calls and texts of nearly all of the company's cellular customers from about two years ago. Daniel Ives, managing director and senior equity analyst for Wedbush Securities, joined CBS News to discuss the breach.
The three were culling poultry at a farm when they showed mild symptoms, including pink eye and common respiratory infections, state health officials said.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
The 2024 Atlantic hurricane season got off to a deadly start as Hurricane Beryl tore across the Caribbean, Mexico and eventually the U.S.
Archaeologists say the discovery could shed light on early religious practices in the region.
The largest stegosaurus skeleton ever found is expected to fetch millions of dollars at auction in New York next week, likely fueling objections from paleontologists.
Gloria Allred, an attorney for Halyna Hutchins' parents and sister, said she "respectfully disagrees" with the court's decision.
The Metropolitan Police said a 34-year-old suspect has been detained at a train station in the city of Bristol.
A judge dismissed Alec Baldwin's involuntary manslaughter case after a motion from the actor's defense team Friday. Baldwin faced charges for the 2021 accidental shooting death of cinematographer Halyna Hutchins while on the set of his film "Rust." Entertainment attorney Tre Lovell joins with analysis.
A judge dismissed actor Alec Baldwin's involuntary manslaughter case after a motion from the actor's defense team Friday afternoon. Baldwin faced charges for the 2021 accidental shooting death of cinematographer Halyna Hutchins while on the set of his film "Rust." CBS News legal contributor Jessica Levinson, entertainment attorney Tre Lovell and CBS News correspondent Elise Preston join to unpack the development.
Alec Baldwin is on trial for involuntary manslaughter in the 2021 shooting death of Halyna Hutchins, the cinematographer for "Rust."
It has been two years since NASA's James Webb telescope gave us a stunning first look at the depth of our universe. To commemorate the achievement, NASA has released new images showing two distant galaxies interacting with each other. Jane Rigby, astrophysicist and a senior project scientist for the Webb telescope at NASA, joins CBS News to discuss.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
SpaceX's Falcon 9 rocket suffered a catastrophic engine failure as it launched a batch of Starlink satellites into orbit Thursday night, the first time in nearly a decade the rocket has failed. CBS News space consultant Bill Harwood has more on that and the latest images from the James Webb Space Telescope.
The engine failure blamed for stranding 20 Starlink satellites in a low, non-survivable orbit was caused by a liquid oxygen leak.
The engine powering a SpaceX rocket's second launch stage suffered a catastrophic failure, and possibly an explosion, while carrying another batch of Starlink internet satellites from California on Thursday, company founder Elon Musk posted early Friday on social media. CBS News space consultant Bill Harwood has more on what happened and the new images released from the James Webb Space Telescope.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Dr. Ruth Westheimer, the radio/TV host and bestselling author who had an impact on millions with her frank talk on sex, died Friday, July 12, 2024 at age 96. In this profile from correspondent Martha Teichner that originally aired on "CBS Sunday Morning" on February 17, 2002, Westheimer talked about championing sexual literacy, having fun being "Dr. Ruth," and what she was looking for in a companion.
President Biden returns to campaign trail in battleground states as pressure mounts to withdraw; World Series of Poker has drawn a record number of entrants.
Lawrence is a soul-pop band comprised of siblings Clyde and Gracie Lawrence, who recently opened up for the Rolling Stones. They grew up writing music in their family's New York City apartment. From their new album, "Family Business," here is Lawrence on Saturday Sessions with "Something in the Water."
Lawrence is a soul-pop band comprised of siblings Clyde and Gracie Lawrence, who recently opened up for the Rolling Stones. They grew up writing music in their family's New York City apartment. From their new album, "Family Business," here is Lawrence on Saturday Sessions with "Circle Back."
Lawrence is a soul-pop band comprised of siblings Clyde and Gracie Lawrence, who recently opened up for the Rolling Stones. They grew up writing music in their family's New York City apartment. From their new album, "Family Business," here is Lawrence on Saturday Sessions with "Do."