One way to fix Social Security? "Smash the cap"
Eliminating or lifting the tax cap would help stabilize Social Security, while also being fairer to most Americans, experts say.
Eliminating or lifting the tax cap would help stabilize Social Security, while also being fairer to most Americans, experts say.
According to U.S. Census Bureau data, 50% of women and 47% of men between the ages of 55 and 66 have no retirement savings.
Retirement is a seismic life change that can impact mental health, with one study suggesting it increases the likelihood of depression.
"The benchmarks move as I get older," one man told CBS News. Now, his goal is to retire at 70 and then "look for something part-time afterward."
A crowdfunding effort for "Mr. James" caught fire when the students posted a TikTok video of the 80-year-old janitor.
Fewer employees have managed to stash away at least $1 million in retirement savings, according to Fidelity.
A brutal stock market took a toll on Americans retirement assets in 2022, according to new data from Fidelity.
Amid high inflation and a sagging stock market, anxieties about retirement are on the rise.
Gradual changes in the years before you plan to quit work can help smooth the transition, a financial coach says.
Experts say new legislation will make it easier to put money away, including for millions of Americans with student loans.
More than 1 in 4 retirees say they spend more than they can afford. These part-time jobs can help make ends meet.
More Americans are taking retirement savings out of their accounts due to an "an immediate and heavy financial need."
Americans "have to change their thinking" about the government benefits program to get the most out of it, one expert says.
Areas in Pennsylvania knocked Florida cities down a few rungs this year because they offer more affordable housing.
A quarter of U.S. adults say they're dipping into their retirement savings to pay for daily expenses, Allianz Life poll show.
In Michigan, Wisconsin and Pennsylvania, both Biden and Trump elicit feelings of worry, anger and nostalgia, according to latest CBS News poll.
Senate Minority Leader Mitch McConnell, in an interview with "Face the Nation," weighed in on Trump's broad immunity claims.
It's been almost 20 years since Dan Rather signed off at the network where he spent 44 years covering wars, politics, and the assassination of JFK. But he has not retired from the life of a reporter.
More than 100 tornadoes were detected in six states in the Midwest over the weekend.
She made a name for herself as an Oscar-nominated actress in "Almost Famous." But music has always been in her blood, and now Kate Hudson is making a name for herself as a singer-songwriter, with her debut album, "Glorious."
On Sunday, recreational boats will be able to pass through the Key Bridge collapse salvage during specific hours.
The hostages seen on the video were identified as Omri Miran and Keith Siegel by the campaign group the Hostages and Missing Families Forum.
Mr. Biden, like most of his predecessors, used the glitzy annual White House Correspondents' Association banquet to jab at his rival, former President Donald Trump.
After a traditional autopsy, a coroner ruled Kristen Trickle died by suicide. But prosecutors in Kansas questioned if she could have fired the large-caliber revolver that killed her and ordered an autopsy of her mind.