3 days ago
America's newest college graduates were sold the college premium. Four in 10 of them are working jobs that never needed the diploma.
About 42% of recent college graduates, ages 22 to 27, were underemployed in June, working jobs that typically don't require a bachelor's degree, according to the Federal Reserve Bank of New York's tracker of the labor market for recent college graduates. That's up from 41.8% in May but down from 42.4% in November 2025 and below the pandemic-era high of 43.4% in October 2020.
Unemployment is the other half of the problem. Recent grads' jobless rate hit 5.7% in June, well above the 4.1% rate for all workers. That's a reversal. From 1990, when the Fed's data begins, through 2018, recent grads were more likely to be unemployed than the average worker in just eight months. They have been more likely every month since January 2021. The gap hit a record 1.8 percentage points in April 2025 and is still near it.
Some degrees fare much worse than others. Using 2024 Census data, the Fed's breakdown by college major found criminal justice had the most underemployment, at 65.8%, followed by performing arts at 63.9% and fine arts at 58.9%.
On unemployment, computer engineering was second-worst of any major at 7.8%, and computer science fourth at 7%. Education majors fared best: special education had a 0.7% jobless rate and elementary education 1.2%. Nursing was 2.1%.
#recent #Education #june #grads
About 42% of recent college graduates, ages 22 to 27, were underemployed in June, working jobs that typically don't require a bachelor's degree, according to the Federal Reserve Bank of New York's tracker of the labor market for recent college graduates. That's up from 41.8% in May but down from 42.4% in November 2025 and below the pandemic-era high of 43.4% in October 2020.
Unemployment is the other half of the problem. Recent grads' jobless rate hit 5.7% in June, well above the 4.1% rate for all workers. That's a reversal. From 1990, when the Fed's data begins, through 2018, recent grads were more likely to be unemployed than the average worker in just eight months. They have been more likely every month since January 2021. The gap hit a record 1.8 percentage points in April 2025 and is still near it.
Some degrees fare much worse than others. Using 2024 Census data, the Fed's breakdown by college major found criminal justice had the most underemployment, at 65.8%, followed by performing arts at 63.9% and fine arts at 58.9%.
On unemployment, computer engineering was second-worst of any major at 7.8%, and computer science fourth at 7%. Education majors fared best: special education had a 0.7% jobless rate and elementary education 1.2%. Nursing was 2.1%.
#recent #Education #june #grads
21 days ago
Jen Hamilton discussed her estranged husband, Brian Hamilton, on Kylie Kelce's podcast
The registered nurse and influencer noted that she discovered alleged infidelity after 13 years of marriage
She said support from her parents and coworkers helped her embrace a new chapter
Jen Hamilton is a new woman.
The registered nurse and influencer opened up about her split from her estranged husband, Brian Hamilton, after 13 years of marriage.
#registered
The registered nurse and influencer noted that she discovered alleged infidelity after 13 years of marriage
She said support from her parents and coworkers helped her embrace a new chapter
Jen Hamilton is a new woman.
The registered nurse and influencer opened up about her split from her estranged husband, Brian Hamilton, after 13 years of marriage.
#registered
21 days ago
For a subset of young workers, the name of the game is to squirrel away enough savings and investments so retirement can come early, substituting strategic personal finance for a lifetime of labor. (FIRE!)
It turns out that the post-pandemic boom and explosion of stock prices has already gifted many older Americans with a version of that lifestyle, according to Bank of America — and it's affecting the economy.
Labor force participation — which measures the share of people employed or seeking work among the total population — never recovered after the shock of the pandemic.
According to BofA's economics team, led by Aditya Bhave, the biggest driver behind the decline in overall labor force participation has been workers over age 55 leaving the workforce.
"This debunks a popular bearish narrative on the labor market: 'the u-rate would have been higher if participation hadn't fallen,'" Bhave wrote.
#according #workers #FIRE #americans
It turns out that the post-pandemic boom and explosion of stock prices has already gifted many older Americans with a version of that lifestyle, according to Bank of America — and it's affecting the economy.
Labor force participation — which measures the share of people employed or seeking work among the total population — never recovered after the shock of the pandemic.
According to BofA's economics team, led by Aditya Bhave, the biggest driver behind the decline in overall labor force participation has been workers over age 55 leaving the workforce.
"This debunks a popular bearish narrative on the labor market: 'the u-rate would have been higher if participation hadn't fallen,'" Bhave wrote.
#according #workers #FIRE #americans
22 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
For workers wondering how far artificial intelligence could go, JPMorgan Chase CEO Jamie Dimon has a straightforward answer — AI is going to change the job market, whether people are ready for it or not. Some jobs will disappear, others will change and new ones will likely emerge. But Dimon warned that the speed of that transition could matter just as much as the technology itself.
"As a business person, my view is don't put your head in the sand," Dimon said at the World Economic Forum's annual meeting in Davos, Switzerland, in January. "It is what it is. We're going to deploy it. Will it eliminate jobs? Yes. Will it change jobs? Yes. Will it add some jobs? Probably."
Don't Miss:
Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100.
#earn #benzinga #chase
For workers wondering how far artificial intelligence could go, JPMorgan Chase CEO Jamie Dimon has a straightforward answer — AI is going to change the job market, whether people are ready for it or not. Some jobs will disappear, others will change and new ones will likely emerge. But Dimon warned that the speed of that transition could matter just as much as the technology itself.
"As a business person, my view is don't put your head in the sand," Dimon said at the World Economic Forum's annual meeting in Davos, Switzerland, in January. "It is what it is. We're going to deploy it. Will it eliminate jobs? Yes. Will it change jobs? Yes. Will it add some jobs? Probably."
Don't Miss:
Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100.
#earn #benzinga #chase
22 days ago
Social Security acts as a financial safety net for many retirees, but it's not enough for most. These government checks were never designed to cover all living expenses. Social Security is a supplemental income source that can keep up with expenses if you combine it with savings.
That's why many people are encouraged to save up before retirement, and the math proves it. Your life in retirement will be very different if you just live on Social Security compared to having $500,000 in savings alongside your government checks. Let's break it all down below.
The average monthly Social Security benefit for retired workers as of mid-2026 was $2,085.98, according to the Social Security Administration (SSA). At that rate, you will not pay any taxes on Social Security, ******* uming you do not have any other income sources. You won't even have to worry about state income taxes.
However, that's where the advantages end if you rely exclusively on Social Security. Per Apartment List data, the national median rent was $1,390 in August. That median rent leaves you with less than $700 for groceries, transportation, healthcare, utilities, insurance, debt and miscellaneous purchases.
For most people, the average Social Security is not enough. High-earners can max out their benefits at $5,181 per month if they earned a high salary for most or all of their 35 highest-earning years and wait until 70 to tap into Social Security, per the SSA. That monthly amount offers more room for financial flexibility, but the average is insufficient for most people unless their spouse earns a similar check or they live very frugally.
#income #financial
That's why many people are encouraged to save up before retirement, and the math proves it. Your life in retirement will be very different if you just live on Social Security compared to having $500,000 in savings alongside your government checks. Let's break it all down below.
The average monthly Social Security benefit for retired workers as of mid-2026 was $2,085.98, according to the Social Security Administration (SSA). At that rate, you will not pay any taxes on Social Security, ******* uming you do not have any other income sources. You won't even have to worry about state income taxes.
However, that's where the advantages end if you rely exclusively on Social Security. Per Apartment List data, the national median rent was $1,390 in August. That median rent leaves you with less than $700 for groceries, transportation, healthcare, utilities, insurance, debt and miscellaneous purchases.
For most people, the average Social Security is not enough. High-earners can max out their benefits at $5,181 per month if they earned a high salary for most or all of their 35 highest-earning years and wait until 70 to tap into Social Security, per the SSA. That monthly amount offers more room for financial flexibility, but the average is insufficient for most people unless their spouse earns a similar check or they live very frugally.
#income #financial
22 days ago
By Olena Harmash and Vladyslav Smilianets
KYIV, Oct 7 (Reuters) - Russia pounded Ukraine with waves of missiles and drones on Wednesday, killing at least 15 people and hitting residential buildings, industrial facilities and infrastructure, Ukrainian officials said.
One Russian missile slammed into an apartment block in the northern city of Pryluky, killing at least nine people including three children, regional governor Vyacheslav Chaus said.
Dozens of rescuers picked through the rubble at the site where several sections of the five-story building collapsed, Reuters video showed.
Emergency workers used ladders to get to the upper floors of what remained of the building. Around 40 people were wounded, the governor said.
#people #reuters #least #olena
KYIV, Oct 7 (Reuters) - Russia pounded Ukraine with waves of missiles and drones on Wednesday, killing at least 15 people and hitting residential buildings, industrial facilities and infrastructure, Ukrainian officials said.
One Russian missile slammed into an apartment block in the northern city of Pryluky, killing at least nine people including three children, regional governor Vyacheslav Chaus said.
Dozens of rescuers picked through the rubble at the site where several sections of the five-story building collapsed, Reuters video showed.
Emergency workers used ladders to get to the upper floors of what remained of the building. Around 40 people were wounded, the governor said.
#people #reuters #least #olena
23 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Amazon founder Jeff Bezos once challenged Rep. Alexandria Ocasio-Cortez's (D-N.Y.) argument that billionaires cannot legitimately earn their fortunes.
During a May 2026 interview with CNBC's Andrew Ross Sorkin at Blue Origin's rocket factory in Florida, Bezos responded to Ocasio-Cortez's statement that no one can earn $1 billion without exploiting workers, abusing market power or breaking rules.
The Amazon executive chairman rejected the premise, illustrating his argument with a hypothetical burger restaurant that starts with 10 employees and gradually expands to 1,000 locations as customers embrace its products.
Don't Miss:
#alexandria
Amazon founder Jeff Bezos once challenged Rep. Alexandria Ocasio-Cortez's (D-N.Y.) argument that billionaires cannot legitimately earn their fortunes.
During a May 2026 interview with CNBC's Andrew Ross Sorkin at Blue Origin's rocket factory in Florida, Bezos responded to Ocasio-Cortez's statement that no one can earn $1 billion without exploiting workers, abusing market power or breaking rules.
The Amazon executive chairman rejected the premise, illustrating his argument with a hypothetical burger restaurant that starts with 10 employees and gradually expands to 1,000 locations as customers embrace its products.
Don't Miss:
#alexandria
23 days ago
You might wonder where your monthly Social Security check stands compared to everyone else's. The average monthly benefit for retired workers is $2,071.30 as of December 2025, according to the Social Security Administration (SSA). That amounts to about $24,855.60 per year, but this single figure covers a massive range of ages and circumstances.
Age
Overall
Men
Women
#Social #december #administration #women
Age
Overall
Men
Women
#Social #december #administration #women
25 days ago
Nestled between two mountain ranges at the crook of central California's coastline sits a valley known as the "salad bowl of the world".
Farm workers stoop over neatly lined rows of crops off Highway 101 to harvest more than half of the nation's supply of lettuce and nearly a third of its strawberries. The soil here is so rich that author John Steinbeck made the Salinas valley the promised land in his literary depictions of people chasing the American dream: immigrants, farm workers, westward-moving hopefuls, hungering for a better life.
It's a story that continues to capture the American imagination: Netflix has adapted Steinbeck's 1952 blockbuster novel, East of Eden, into a limited series starring Florence Pugh, released 1 October.
"This will be a valley of great richness one day," Steinbeck wrote of the farmland in East of Eden. "And happy people will live here, thousands and thousands."
But Steinbeck also understood just how difficult it can be to achieve that elusive American dream. Even after some his characters found their way to Salinas and other parts of California's agricultural valley, many remained stuck in low-paying jobs, making barely enough to scrape by, let alone own their own land.
#american #workers
Farm workers stoop over neatly lined rows of crops off Highway 101 to harvest more than half of the nation's supply of lettuce and nearly a third of its strawberries. The soil here is so rich that author John Steinbeck made the Salinas valley the promised land in his literary depictions of people chasing the American dream: immigrants, farm workers, westward-moving hopefuls, hungering for a better life.
It's a story that continues to capture the American imagination: Netflix has adapted Steinbeck's 1952 blockbuster novel, East of Eden, into a limited series starring Florence Pugh, released 1 October.
"This will be a valley of great richness one day," Steinbeck wrote of the farmland in East of Eden. "And happy people will live here, thousands and thousands."
But Steinbeck also understood just how difficult it can be to achieve that elusive American dream. Even after some his characters found their way to Salinas and other parts of California's agricultural valley, many remained stuck in low-paying jobs, making barely enough to scrape by, let alone own their own land.
#american #workers
26 days ago
WASHINGTON (AP) — Sipping tea from beer mugs with his coworkers, Kyle Bos listed the ways his life is changing.
Bos has two daughters, with a third due in January. At the grocery store, five items cost as much as a full cart once did. And on Wednesday, Bos and nearly 1,400 other people were laid off from their jobs at what had been the Navistar truck factory in southwestern Ohio.
The layoffs — occurring just three days before Donald Trump's rally on Saturday at a nearby high school — were large enough to basically erase an entire year of job growth in the greater Dayton, Ohio area. And they are one reason why Bos, 30, plans to spend the final weeks before the November election canvassing votes for Democrats.
Asked how many times he voted for Trump, Bos held up three tattooed fingers. But he said he's done with the president.
"Something has to change politically in this country," said Bos, a member of the United Auto Workers who identifies as a centrist.
#kyle #wednesday
Bos has two daughters, with a third due in January. At the grocery store, five items cost as much as a full cart once did. And on Wednesday, Bos and nearly 1,400 other people were laid off from their jobs at what had been the Navistar truck factory in southwestern Ohio.
The layoffs — occurring just three days before Donald Trump's rally on Saturday at a nearby high school — were large enough to basically erase an entire year of job growth in the greater Dayton, Ohio area. And they are one reason why Bos, 30, plans to spend the final weeks before the November election canvassing votes for Democrats.
Asked how many times he voted for Trump, Bos held up three tattooed fingers. But he said he's done with the president.
"Something has to change politically in this country," said Bos, a member of the United Auto Workers who identifies as a centrist.
#kyle #wednesday
27 days ago
Think a high salary is a ticket out of living paycheck to paycheck? Think again.
Roughly 4 in 10 workers earning above $300,000 say they're doing just that, according to Goldman Sachs **** et Management's 2026 retirement report.
"One of the more remarkable findings is whether or not financial security improves linearly with income," Chris Ceder, a senior retirement strategist at Goldman Sachs **** et Management, told Yahoo Finance.
You'd think financial security would improve as someone makes more money, with income tracking in a straight path with each extra dollar of earnings.
"It does for a while, but it's a U-shape pattern," Ceder said.
#think #asset #Retirement #security
Roughly 4 in 10 workers earning above $300,000 say they're doing just that, according to Goldman Sachs **** et Management's 2026 retirement report.
"One of the more remarkable findings is whether or not financial security improves linearly with income," Chris Ceder, a senior retirement strategist at Goldman Sachs **** et Management, told Yahoo Finance.
You'd think financial security would improve as someone makes more money, with income tracking in a straight path with each extra dollar of earnings.
"It does for a while, but it's a U-shape pattern," Ceder said.
#think #asset #Retirement #security
27 days ago
With the amount of information available on the internet, it can sometimes be difficult to keep up. Nya (nyaajadee) faced a similar problem when she helped her boyfriend purchase a thrifted shirt for work and later learned that the brand that made the shirt, Sean John, was owned by none other than rapper Sean "Diddy" Combs.
For those wondering why Combs' ****** ociation with the brand is controversial, he is currently incarcerated at the Fort Dix Federal Correctional Institution. He is serving a 50-month prison sentence following a criminal conviction in October 2025 for transporting individuals across state lines for prostitution.
So how did Nya learn about the shirt's controversial nature? In a TikTok video, she said that when her boyfriend wore it to the restaurant bar where he works, his colleagues started to laugh at him. "They were like, ****** , dude, a Sean John shirt? Like, you're kind of crazy," Nya said, recounting what his co-workers told him. Nya also shared that her boyfriend repeatedly asked them questions, as he was unaware of what was happening before finally realizing that Sean John was Diddy's clothing brand.
Nya said that after some back and forth, her boyfriend eventually realized that Sean John was Diddy's clothing brand. "We didn't know it was f****** Diddy. I didn't. I knew Diddy. I thought Diddy had pants. Just pants. I knew Diddy had pants. I didn't know he had shirts, too. But also, I didn't know that his clothing company was called Sean John," Nya said. She added, "So I helped my boyfriend pick out a Diddy shirt. What did Sean John do? What did Sean John not do?"
Turns out some people in the comments were as unaware as Nya about Diddy's clothing brand, despite knowing about his criminal conduct. One person wrote, "I didn't even know he made clothes." Another individual reacted similarly and said, "I guess I'm one millennial that was left out the loop lol because I didn't actually know his name other then his stage name, also did not know he had a clothing line."
#didn 't #clothing
For those wondering why Combs' ****** ociation with the brand is controversial, he is currently incarcerated at the Fort Dix Federal Correctional Institution. He is serving a 50-month prison sentence following a criminal conviction in October 2025 for transporting individuals across state lines for prostitution.
So how did Nya learn about the shirt's controversial nature? In a TikTok video, she said that when her boyfriend wore it to the restaurant bar where he works, his colleagues started to laugh at him. "They were like, ****** , dude, a Sean John shirt? Like, you're kind of crazy," Nya said, recounting what his co-workers told him. Nya also shared that her boyfriend repeatedly asked them questions, as he was unaware of what was happening before finally realizing that Sean John was Diddy's clothing brand.
Nya said that after some back and forth, her boyfriend eventually realized that Sean John was Diddy's clothing brand. "We didn't know it was f****** Diddy. I didn't. I knew Diddy. I thought Diddy had pants. Just pants. I knew Diddy had pants. I didn't know he had shirts, too. But also, I didn't know that his clothing company was called Sean John," Nya said. She added, "So I helped my boyfriend pick out a Diddy shirt. What did Sean John do? What did Sean John not do?"
Turns out some people in the comments were as unaware as Nya about Diddy's clothing brand, despite knowing about his criminal conduct. One person wrote, "I didn't even know he made clothes." Another individual reacted similarly and said, "I guess I'm one millennial that was left out the loop lol because I didn't actually know his name other then his stage name, also did not know he had a clothing line."
#didn 't #clothing
27 days ago
Bill Burr is pitching a different use for artificial intelligence: point it at the top of the org chart.
The comedian made the case during a sit-down with Rolling Stone, pointing out that it makes way more sense to create AI CEOs instead of AI workers, considering the fact that companies will save way more.
"All this AI is to replace working people. It's like, why don't you make an AI CEO that's empathetic, that cares about the middle class and the future of the planet?" the comedian asked.
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
"They're making way more. You take that guy's salary versus all the work. You're going to save way more money replacing one guy," Burr continued. "Why don't you do that? Because it's not for us, it's for them."
#bill
The comedian made the case during a sit-down with Rolling Stone, pointing out that it makes way more sense to create AI CEOs instead of AI workers, considering the fact that companies will save way more.
"All this AI is to replace working people. It's like, why don't you make an AI CEO that's empathetic, that cares about the middle class and the future of the planet?" the comedian asked.
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
"They're making way more. You take that guy's salary versus all the work. You're going to save way more money replacing one guy," Burr continued. "Why don't you do that? Because it's not for us, it's for them."
#bill
27 days ago
OpenAI has fired three researchers for allegedly mishandling information, including work that involved an external organisation that ****** yses artificial intelligence (AI) models.
"Our investigation confirmed that these individuals mishandled sensitive information outside established company procedures, violating our policies and breaking the trust essential to our work," a spokesperson told the BBC.
The ChatGPT-maker did not name the sacked workers, but at least two of them were involved in safety research at the firm.
The firings come as the debate over AI safety and the risks the technology may pose to humanity has intensified in recent weeks.
"We have parted ways with three individuals for violating our policies on accessing and handling sensitive company information," OpenAI's spokesperson said.
#involved #individuals
"Our investigation confirmed that these individuals mishandled sensitive information outside established company procedures, violating our policies and breaking the trust essential to our work," a spokesperson told the BBC.
The ChatGPT-maker did not name the sacked workers, but at least two of them were involved in safety research at the firm.
The firings come as the debate over AI safety and the risks the technology may pose to humanity has intensified in recent weeks.
"We have parted ways with three individuals for violating our policies on accessing and handling sensitive company information," OpenAI's spokesperson said.
#involved #individuals
28 days ago
Jelly Roll and Bunnie XO are putting one of their Nashville-area homes up for sale after finalizing their divorce. The Franklin, Tennessee, estate now carries a price of just under $7 million. The former couple listed the property after reaching a settlement over their ******* ets.
Real estate sources told TMZ that the couple listed the home on Wednesday. The estate was custom-built and features over 10 acres and over 7,000 square feet of living area. The property has five bedrooms and seven bathrooms. It also offers views of the Tennessee countryside.
The home includes a chef's kitchen and a media den that looks over a glass-walled automotive showroom. On the outside, the estate has a covered porch and an outdoor kitchen. It also has outdoor dining and living ******* es. The outdoor ******* e is completed by a resort-style pool.
The listing is held by Erik Levin of Benchmark Realty and Greg Sanford of Greg Sanford Real Estate. The sale comes after Jelly Roll and Bunnie finalized their divorce in July. Court documents obtained by TMZ show that the former couple reached a settlement covering their aircraft, cars, homes, and intellectual property. Jelly Roll also agreed to give Bunnie a one-time lump-sum payment.
It was previously reported that movers appeared at the property in June. Exclusive photos showed a large moving truck outside while workers appeared to remove items from the home. Jelly Roll filed for divorce in May, and sources with direct knowledge said the split came from a mutual decision handled privately. Jelly Roll and Bunnie married in August 2016 after meeting the year before.
#bunnie #property #tennessee
Real estate sources told TMZ that the couple listed the home on Wednesday. The estate was custom-built and features over 10 acres and over 7,000 square feet of living area. The property has five bedrooms and seven bathrooms. It also offers views of the Tennessee countryside.
The home includes a chef's kitchen and a media den that looks over a glass-walled automotive showroom. On the outside, the estate has a covered porch and an outdoor kitchen. It also has outdoor dining and living ******* es. The outdoor ******* e is completed by a resort-style pool.
The listing is held by Erik Levin of Benchmark Realty and Greg Sanford of Greg Sanford Real Estate. The sale comes after Jelly Roll and Bunnie finalized their divorce in July. Court documents obtained by TMZ show that the former couple reached a settlement covering their aircraft, cars, homes, and intellectual property. Jelly Roll also agreed to give Bunnie a one-time lump-sum payment.
It was previously reported that movers appeared at the property in June. Exclusive photos showed a large moving truck outside while workers appeared to remove items from the home. Jelly Roll filed for divorce in May, and sources with direct knowledge said the split came from a mutual decision handled privately. Jelly Roll and Bunnie married in August 2016 after meeting the year before.
#bunnie #property #tennessee
28 days ago
What theory did Bank of America economists propose about older workers' retirement?
What percentage of early retirees cited financial reasons in the Allianz study?
How many women have been executed in the U.S. in the last 50 years?
Full Summary
Older Americans make up an ever-larger share of the workforce, a trend that dates to the 1990s.
#americans
What percentage of early retirees cited financial reasons in the Allianz study?
How many women have been executed in the U.S. in the last 50 years?
Full Summary
Older Americans make up an ever-larger share of the workforce, a trend that dates to the 1990s.
#americans
29 days ago
Airport security employees checking boarding passes and IDs will no longer be allowed to sit down while working, the Transportation Security Administration confirmed Tuesday.
All chairs are being removed from the travel document checker podiums at the entrance to checkpoints nationwide, the union representing the screeners said. The American Federation of Government Employees TSA Council 100 said it found out about the decision from its members and called it a “disregard for workers rights and safety.”
TSA defended the move, saying the document checkers are the first to interact with the traveling public and requiring them to stand will create a better experience for passengers.
“This welcome change reinforces both our security posture and our commitment to hospitality by having these officers on their feet and alert,” the agency said in a statement. “All officers must meet fitness for duty requirements to be capable of performing their vital national security function while simultaneously creating a welcoming and professional environment for travelers.”
The move comes nearly two months after TSA Administrator David ******* mins was confirmed to lead the agency.
#security #confirmed #document
All chairs are being removed from the travel document checker podiums at the entrance to checkpoints nationwide, the union representing the screeners said. The American Federation of Government Employees TSA Council 100 said it found out about the decision from its members and called it a “disregard for workers rights and safety.”
TSA defended the move, saying the document checkers are the first to interact with the traveling public and requiring them to stand will create a better experience for passengers.
“This welcome change reinforces both our security posture and our commitment to hospitality by having these officers on their feet and alert,” the agency said in a statement. “All officers must meet fitness for duty requirements to be capable of performing their vital national security function while simultaneously creating a welcoming and professional environment for travelers.”
The move comes nearly two months after TSA Administrator David ******* mins was confirmed to lead the agency.
#security #confirmed #document
1 month ago
Claiming Social Security at 62 gives you three extra years of payments, but each monthly check is permanently smaller than it would be if you had waited until 65. Delaying benefits means giving up that early income in exchange for a larger monthly payment later. The break-even point shows when those larger checks catch up to the benefits collected by claiming early. Comparing that crossover age with your income needs, life expectancy and other retirement resources can help put the tradeoff in context.
A financial advisor can review a range of retirement strategies with you, including your optimum retirement age.
Social Security benefits can generally begin at age 62. However, starting before full retirement age (FRA) permanently reduces the monthly amount you receive. FRA depends on your birth year and ranges from 66 to 67 for workers approaching retirement today. For anyone born in 1960 or later, FRA is 67.
The Social Security Administration calculates early-claiming reductions based on how many months before FRA you begin collecting benefits. For the first 36 months before FRA, the benefit is generally reduced by 5/9 of 1% for each month. If you claim more than 36 months early, the reduction for those additional months is generally 5/12 of 1% per month.1
For a worker with an FRA of 67, claiming at 62 generally results in a 30% reduction. This means the worker receives about 70% of the benefit they would have received at FRA. Someone entitled to $2,500 per month at 67, for example, would receive approximately $1,750 per month by claiming at 62.
#Retirement
A financial advisor can review a range of retirement strategies with you, including your optimum retirement age.
Social Security benefits can generally begin at age 62. However, starting before full retirement age (FRA) permanently reduces the monthly amount you receive. FRA depends on your birth year and ranges from 66 to 67 for workers approaching retirement today. For anyone born in 1960 or later, FRA is 67.
The Social Security Administration calculates early-claiming reductions based on how many months before FRA you begin collecting benefits. For the first 36 months before FRA, the benefit is generally reduced by 5/9 of 1% for each month. If you claim more than 36 months early, the reduction for those additional months is generally 5/12 of 1% per month.1
For a worker with an FRA of 67, claiming at 62 generally results in a 30% reduction. This means the worker receives about 70% of the benefit they would have received at FRA. Someone entitled to $2,500 per month at 67, for example, would receive approximately $1,750 per month by claiming at 62.
#Retirement
1 month ago
George Kamel argues paying $115,000 into Social Security over a career costs workers roughly $2 million in foregone investment returns at a 10% return.
The 2026 Trustees Report moved Social Security's projected depletion date to 2032, forecasting a 22% benefit cut averaging $500 per month for retirees.
Kamel's comparison ignores that Social Security includes inflation adjustments, disability coverage, and lifetime income that a brokerage account cannot replicate.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Personal finance personality George Kamel recently ran the numbers on Social Security and reached a conclusion designed to grab attention: "all those years of paying into Social Security cost you about $2 million". If you are at or near retirement, that framing is either clarifying or terrifying. The stakes are real. Millions of households will lean on this program for most of their retirement income, and the 2026 Trustees Reports have changed the timeline everyone is working with.
#Social #trustees #million
The 2026 Trustees Report moved Social Security's projected depletion date to 2032, forecasting a 22% benefit cut averaging $500 per month for retirees.
Kamel's comparison ignores that Social Security includes inflation adjustments, disability coverage, and lifetime income that a brokerage account cannot replicate.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Personal finance personality George Kamel recently ran the numbers on Social Security and reached a conclusion designed to grab attention: "all those years of paying into Social Security cost you about $2 million". If you are at or near retirement, that framing is either clarifying or terrifying. The stakes are real. Millions of households will lean on this program for most of their retirement income, and the 2026 Trustees Reports have changed the timeline everyone is working with.
#Social #trustees #million
1 month ago
Amazon (AMZN) has spent the bulk of 2026 giving investors tons to debate, from its growing cloud business to the enormous bill for its AI ambitions. Now, it's putting another spending decision in the spotlight, one that goes directly into workers' household budgets.
Amazon has announced more than $1.5 billion in higher pay for U.S. operations employees, alongside benefits aimed at everyday expenses.
For workers, the appeal is the obvious, immediate financial breathing room.
For Amazon, the calculation goes further. Keeping experienced employees helps the business built around getting orders to doorsteps a lot quickly. The details point to how Amazon is trying to make those interests meet, even as its broader efficiency push leaves questions about job security.
For perspective, Amazon's pay ******* p adds $2,080 to an eligible worker's annual earnings before taxes, ******* uming 40 paid hours weekly for 52 weeks.
#amazon #goes #employees #amzn
Amazon has announced more than $1.5 billion in higher pay for U.S. operations employees, alongside benefits aimed at everyday expenses.
For workers, the appeal is the obvious, immediate financial breathing room.
For Amazon, the calculation goes further. Keeping experienced employees helps the business built around getting orders to doorsteps a lot quickly. The details point to how Amazon is trying to make those interests meet, even as its broader efficiency push leaves questions about job security.
For perspective, Amazon's pay ******* p adds $2,080 to an eligible worker's annual earnings before taxes, ******* uming 40 paid hours weekly for 52 weeks.
#amazon #goes #employees #amzn
1 month ago
In late 2022, OpenAI released ChatGPT, and within months the bottom rung of the tech-industry career ladder started to disappear. Graduates who majored in computer science and other AI-exposed fields are increasingly missing out on the jobs they trained for, and a chunk of them are landing behind restaurant counters and retail registers instead, according to two Census Bureau papers.
An April 2026 Census paper tracked matched employer-employee records and found that hiring of workers ages 22 to 24 fell sharply in the industries most exposed to AI, while hiring in less-exposed industries held steady. Employment for early-career workers in the most AI-exposed fifth of industries dropped 12% over the ten quarters after ChatGPT's release. Lee Tucker, one of the coauthors of the paper, said "the decline in hires is the primary cause" of that rate of unemployment, not people losing jobs they already had.
That mattered most for one type of graduate. The most AI-exposed industries, Tucker found, cluster heavily around software and information-technology work, which are the very fields computer science and other highly AI-exposed majors are built to feed into.
A second paper from last week, also coauthored by Tucker, follows the graduates of the most AI-exposed decile of college majors. Their odds of holding a job one quarter after graduation fell by five percentage points, and full-quarter initial earnings dropped 13% following ChatGPT's release. A 13% earnings decline is roughly the size economists would expect from graduating into a severe recession—except there wasn't one, since the rest of the labor market held up fine.
Young grads still need to work and still have jobs, even if they've received highly exposed degrees. So the decline in earnings is less about a lack of employment and more about pursuing lower-wage occupations to make ends meet.
#graduates
An April 2026 Census paper tracked matched employer-employee records and found that hiring of workers ages 22 to 24 fell sharply in the industries most exposed to AI, while hiring in less-exposed industries held steady. Employment for early-career workers in the most AI-exposed fifth of industries dropped 12% over the ten quarters after ChatGPT's release. Lee Tucker, one of the coauthors of the paper, said "the decline in hires is the primary cause" of that rate of unemployment, not people losing jobs they already had.
That mattered most for one type of graduate. The most AI-exposed industries, Tucker found, cluster heavily around software and information-technology work, which are the very fields computer science and other highly AI-exposed majors are built to feed into.
A second paper from last week, also coauthored by Tucker, follows the graduates of the most AI-exposed decile of college majors. Their odds of holding a job one quarter after graduation fell by five percentage points, and full-quarter initial earnings dropped 13% following ChatGPT's release. A 13% earnings decline is roughly the size economists would expect from graduating into a severe recession—except there wasn't one, since the rest of the labor market held up fine.
Young grads still need to work and still have jobs, even if they've received highly exposed degrees. So the decline in earnings is less about a lack of employment and more about pursuing lower-wage occupations to make ends meet.
#graduates
1 month ago
Amazon raised minimum starting pay for its U.S. full-time core operations employees to $20 an hour on Wednesday, a $1-per-hour increase for front-line workers who sort, pack, and transport orders.
Amazon said the typical hourly rate for those workers climbs to nearly $24, and that when benefits are counted, total compensation comes out to more than $32 an hour. Amazon said its minimum starting pay has risen more than 17% over the past three years.
The announcement arrives as Amazon approaches the peak holiday shopping season. According to The Wall Street Journal, Amazon hired 250,000 full-time, part-time, and seasonal workers in advance of last year's holiday period.
Along with the pay increase, Amazon announced two new benefits. Beginning Oct. 1, all U.S. Amazon employees will receive a grocery discount — 10% off eligible groceries and everyday essentials on Amazon.com and Whole Foods Market online, and 20% off in-store at Whole Foods. The discount can be combined with existing Prime member discounts, the company said.
Amazon also said it is launching a banking benefit called Day 1 Financial, through which qualified employees and their families can obtain a lifelong membership in First Tech Federal Credit Union. The benefit includes accounts with no overdraft fees, no monthly maintenance fees, and no account minimums, as well as access to credit cards, auto loans, and home loans for those who qualify. The company said the rollout will start in late 2026, with broad availability expected in 2027.
#time #employees #credit #starting
Amazon said the typical hourly rate for those workers climbs to nearly $24, and that when benefits are counted, total compensation comes out to more than $32 an hour. Amazon said its minimum starting pay has risen more than 17% over the past three years.
The announcement arrives as Amazon approaches the peak holiday shopping season. According to The Wall Street Journal, Amazon hired 250,000 full-time, part-time, and seasonal workers in advance of last year's holiday period.
Along with the pay increase, Amazon announced two new benefits. Beginning Oct. 1, all U.S. Amazon employees will receive a grocery discount — 10% off eligible groceries and everyday essentials on Amazon.com and Whole Foods Market online, and 20% off in-store at Whole Foods. The discount can be combined with existing Prime member discounts, the company said.
Amazon also said it is launching a banking benefit called Day 1 Financial, through which qualified employees and their families can obtain a lifelong membership in First Tech Federal Credit Union. The benefit includes accounts with no overdraft fees, no monthly maintenance fees, and no account minimums, as well as access to credit cards, auto loans, and home loans for those who qualify. The company said the rollout will start in late 2026, with broad availability expected in 2027.
#time #employees #credit #starting
1 month ago
At 60, Stephen has $40,000 saved against a $680,000 benchmark, plus $32,000 in debt draining his recovery runway.
Rachel Cruze and George Kamel told Stephen to stop funding his daughter and eliminate debt before rebuilding retirement savings.
Workers aged 60 to 63 can contribute up to $35,750 annually to a 401(k), a catch-up window that Stephen must use before it closes at age 64.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A 60-year-old caller named Stephen phoned The Ramsey Show from Portland and laid out a balance sheet that would make anyone flinch: $40,000 left in retirement, no liquid savings, a $27,000 loan on a 4Runner worth about what he owes, $5,000 in credit card debt, and an $85,000 salary he took after quitting a more stressful job. He said he had drained the retirement account to put his daughter through school and pay off a $25,000 IRS bill he insists "wasn't mine."
#stephen #Retirement #workers
Rachel Cruze and George Kamel told Stephen to stop funding his daughter and eliminate debt before rebuilding retirement savings.
Workers aged 60 to 63 can contribute up to $35,750 annually to a 401(k), a catch-up window that Stephen must use before it closes at age 64.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A 60-year-old caller named Stephen phoned The Ramsey Show from Portland and laid out a balance sheet that would make anyone flinch: $40,000 left in retirement, no liquid savings, a $27,000 loan on a 4Runner worth about what he owes, $5,000 in credit card debt, and an $85,000 salary he took after quitting a more stressful job. He said he had drained the retirement account to put his daughter through school and pay off a $25,000 IRS bill he insists "wasn't mine."
#stephen #Retirement #workers
1 month ago
This story was originally published on Healthcare Dive. To receive daily news and insights, subscribe to our free daily Healthcare Dive newsletter.
Nearly three-quarters of Gen Z healthcare workers intend to find a new role in the next year, according to a new poll of more than 1,500 U.S. healthcare employees.
The survey, commissioned by the Harris Poll found that less than half of Gen Z healthcare workers feel very loyal to their current employer, in part because professional development and career advancement feel out of reach.
At the same time, three-quarters of employers said retaining and recruiting this age group is important as they anticipate older healthcare workers entering retirement soon.
The poll comes as the healthcare industry is facing workforce shortages, with a projected scarcity of around 500,000 healthcare workers predicted by 2038. Currently, healthcare professionals, especially physicians and nurses, are mostly over the age of 50, opening the door for younger workers to fill the gap.
#healthcare #feel
Nearly three-quarters of Gen Z healthcare workers intend to find a new role in the next year, according to a new poll of more than 1,500 U.S. healthcare employees.
The survey, commissioned by the Harris Poll found that less than half of Gen Z healthcare workers feel very loyal to their current employer, in part because professional development and career advancement feel out of reach.
At the same time, three-quarters of employers said retaining and recruiting this age group is important as they anticipate older healthcare workers entering retirement soon.
The poll comes as the healthcare industry is facing workforce shortages, with a projected scarcity of around 500,000 healthcare workers predicted by 2038. Currently, healthcare professionals, especially physicians and nurses, are mostly over the age of 50, opening the door for younger workers to fill the gap.
#healthcare #feel
1 month ago
In March, shortly after the Supreme Court struck down President Donald Trump's International Emergency Economic Powers Act (IEEPA) tariffs and paved the way for $100 billion in import taxes being redistributed back to American importers, U.S. Trade Representative Jamieson Greer shared his idea of what these companies should do with this influx of cash.
"If I were these companies, and somehow they get this windfall, the most important thing and the smartest thing they should do is give it as bonuses to their workers," Greer told CNBC.
It appears some companies have heeded Greer's suggestion. As businesses receive more than $100 billion the U.S. Treasury has doled out in refunds since May, many are vowing to lower prices or pay down debts. A handful, however, are giving the cash back to their employees.
In its second quarter earnings report last month, houseware brand Williams Sonoma said it would allocate $10 million for one-time payments to 401(k) accounts to eligible employees "in recognition of their efforts navigating the IEEPA tariffs."
"We're so appreciative to have the money back and to be able to reward our employees with part of it," President and CEO Laura Alber said on an earnings call. "They have done such an amazing job."
#Companies #employees
"If I were these companies, and somehow they get this windfall, the most important thing and the smartest thing they should do is give it as bonuses to their workers," Greer told CNBC.
It appears some companies have heeded Greer's suggestion. As businesses receive more than $100 billion the U.S. Treasury has doled out in refunds since May, many are vowing to lower prices or pay down debts. A handful, however, are giving the cash back to their employees.
In its second quarter earnings report last month, houseware brand Williams Sonoma said it would allocate $10 million for one-time payments to 401(k) accounts to eligible employees "in recognition of their efforts navigating the IEEPA tariffs."
"We're so appreciative to have the money back and to be able to reward our employees with part of it," President and CEO Laura Alber said on an earnings call. "They have done such an amazing job."
#Companies #employees
1 month ago
ASML Holding N.V. (NASDAQ:ASML) is examining ways to produce more than 110 EUV lithography systems in 2028, according to JPMorgan ***** ysts following a meeting with CFO Roger Dassen. The company is already nearly sold out for 2027 and expects to produce at least 80 EUV systems that year, meaning output above 110 in 2028 would represent at least a 37.5% increase from the 2027 level. JPMorgan said the main constraint has shifted toward ***** embly speed rather than the availability of critical components, suggesting ASML believes additional capacity can be unlocked through manufacturing and ***** embly improvements.
The potential increase is being driven primarily by AI-related demand. ASML's existing EUV machines, which cost roughly $200 million each, are essential for manufacturing leading-edge AI processors, while customers including TSMC, Samsung, SK Hynix and Intel are expanding advanced-chip capacity. Reuters reported separately that virtually all of ASML's EUV production capacity is booked through 2027, while the company has begun construction of a new Eindhoven facility designed to accelerate tool ***** embly and eventually accommodate up to 20,000 workers.
The strongest bullish implication is that ASML Holding N.V. (NASDAQ:ASML) may be able to convert exceptionally strong demand into higher unit volumes rather than simply relying on price increases. Moving from at least 80 EUV systems in 2027 to more than 110 in 2028 would materially expand the number of high-value systems ASML can monetize. This comes after the company already raised its 2026 revenue outlook to €43 billion–€45 billion, compared with its previous €36 billion–€40 billion range, while targeting a 54%–56% gross margin. Reuters also reported that second-quarter revenue reached €9.3 billion with a 54% gross margin, demonstrating that stronger AI-driven demand is already translating into financial performance.
The longer-term competitive position is particularly favorable because ASML Holding N.V. (NASDAQ:ASML) effectively has no commercial competitor in EUV. JPMorgan estimates that ASML held 94% of the overall lithography market in 2025, while Reuters describes the company as having maintained a monopoly in EUV since the late 2010s. At the same time, customers are committing to ASML's next-generation High-NA technology: the machines cost approximately $400 million, can print features about 40% smaller than existing EUV systems, and TSMC, Samsung, and SK Hynix have all established plans for production adoption. If AI chip demand remains strong enough to support both higher low-NA volumes and eventual High-NA adoption, ASML could see a multi-year increase in system shipments, revenue, and potentially cash generation while strengthening its already exceptional competitive moat.
#company
The potential increase is being driven primarily by AI-related demand. ASML's existing EUV machines, which cost roughly $200 million each, are essential for manufacturing leading-edge AI processors, while customers including TSMC, Samsung, SK Hynix and Intel are expanding advanced-chip capacity. Reuters reported separately that virtually all of ASML's EUV production capacity is booked through 2027, while the company has begun construction of a new Eindhoven facility designed to accelerate tool ***** embly and eventually accommodate up to 20,000 workers.
The strongest bullish implication is that ASML Holding N.V. (NASDAQ:ASML) may be able to convert exceptionally strong demand into higher unit volumes rather than simply relying on price increases. Moving from at least 80 EUV systems in 2027 to more than 110 in 2028 would materially expand the number of high-value systems ASML can monetize. This comes after the company already raised its 2026 revenue outlook to €43 billion–€45 billion, compared with its previous €36 billion–€40 billion range, while targeting a 54%–56% gross margin. Reuters also reported that second-quarter revenue reached €9.3 billion with a 54% gross margin, demonstrating that stronger AI-driven demand is already translating into financial performance.
The longer-term competitive position is particularly favorable because ASML Holding N.V. (NASDAQ:ASML) effectively has no commercial competitor in EUV. JPMorgan estimates that ASML held 94% of the overall lithography market in 2025, while Reuters describes the company as having maintained a monopoly in EUV since the late 2010s. At the same time, customers are committing to ASML's next-generation High-NA technology: the machines cost approximately $400 million, can print features about 40% smaller than existing EUV systems, and TSMC, Samsung, and SK Hynix have all established plans for production adoption. If AI chip demand remains strong enough to support both higher low-NA volumes and eventual High-NA adoption, ASML could see a multi-year increase in system shipments, revenue, and potentially cash generation while strengthening its already exceptional competitive moat.
#company
1 month ago
Sept 16 (Reuters) - A majority of younger U.S. healthcare workers plan to explore new jobs within the next year, even as many want long-term stability with a single employer, a survey released on Wednesday found.
The findings highlight a retention challenge for U.S. healthcare employers already facing a projected shortage of nearly 500,000 workers by 2038, as an aging workforce and rising demand put pressure on staffing.
About 70% of Generation Z healthcare workers, generally those born between 1997 and 2012, said they expect to explore new roles over the next year, according to the survey by Harris Poll, commissioned by education services company Strategic Education and Workforce Edge.
Yet 65% said they ultimately hope to remain with one employer for five years or more, while nearly all said job stability was important to them.
Across all age groups, 59% of healthcare workers said they expect to seek a new role over the next year, the survey found.
#survey
The findings highlight a retention challenge for U.S. healthcare employers already facing a projected shortage of nearly 500,000 workers by 2038, as an aging workforce and rising demand put pressure on staffing.
About 70% of Generation Z healthcare workers, generally those born between 1997 and 2012, said they expect to explore new roles over the next year, according to the survey by Harris Poll, commissioned by education services company Strategic Education and Workforce Edge.
Yet 65% said they ultimately hope to remain with one employer for five years or more, while nearly all said job stability was important to them.
Across all age groups, 59% of healthcare workers said they expect to seek a new role over the next year, the survey found.
#survey
1 month ago
Zane Smith escaped with no serious injuries following a violent crash in Sunday's Enjoy Illinois 300 at World Wide Technology Raceway. The driver of the No. 38 suffered a brake failure in the closing laps of Stage 2, causing him to spin out and slam driver's side first into the outside retaining wall in turn 1.
As Smith climbed from his car, it was evident he was in pain. The 27-year-old was slow to get out of his battered Front Row Motorsports Ford and was leaning on two NASCAR safety workers as they helped him into the ambulance to take him to the infield care center.
Thankfully, Smith took to social media on Monday with a positive update on his condition.
Immediately after Smith careened with the outside wall following the brake failure, his spotter, Ryan Blanchard, tried to summon his driver over the radio to check on his condition.
"We lost brakes here. Let me know if you're OK. Really big hit. Talk to me when you can, please. Let me know if you're OK," he said.
#brake #failure #wall
As Smith climbed from his car, it was evident he was in pain. The 27-year-old was slow to get out of his battered Front Row Motorsports Ford and was leaning on two NASCAR safety workers as they helped him into the ambulance to take him to the infield care center.
Thankfully, Smith took to social media on Monday with a positive update on his condition.
Immediately after Smith careened with the outside wall following the brake failure, his spotter, Ryan Blanchard, tried to summon his driver over the radio to check on his condition.
"We lost brakes here. Let me know if you're OK. Really big hit. Talk to me when you can, please. Let me know if you're OK," he said.
#brake #failure #wall
1 month ago
Changing jobs is looking lucrative again.
Base pay for job changers in the private sector increased 4.7% in August, compared to 3% for job stayers, according to the latest report from payroll provider ADP.
When you consider gross pay, which includes tips, commissions, and bonuses, wages for job stayers rose 4.4% year over year, while gross pay for job changers increased substantially more: 7.3%.
In another recent report, the job-jumping news was just as promising.
The median pay increase for workers switching jobs rose to 5% last month from 4.4% in July, according to new data from the Atlanta Fed. For those who stay put, the average pay increase was 3.6%, the same as in July.
#Jobs #rose
Base pay for job changers in the private sector increased 4.7% in August, compared to 3% for job stayers, according to the latest report from payroll provider ADP.
When you consider gross pay, which includes tips, commissions, and bonuses, wages for job stayers rose 4.4% year over year, while gross pay for job changers increased substantially more: 7.3%.
In another recent report, the job-jumping news was just as promising.
The median pay increase for workers switching jobs rose to 5% last month from 4.4% in July, according to new data from the Atlanta Fed. For those who stay put, the average pay increase was 3.6%, the same as in July.
#Jobs #rose
1 month ago
Next year's Social Security cost-of-living increase looks like it will be 3.6%. The AARP made this forecast. The real figure will be released on October 14. It is based, according to The New York Times, on "the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W. It averages the figures for July, August, and September. That may be fine for people who have a lot of money. For those who don't, it's a problem.
Most of the conversation about Social Security is that it will "run out of money".That happens in late 2032. It really doesn't run out. The payout drops to about 79% of the current total.
People choose one of three options. Social Security defines them as "early eligibility," which can start at 62. "Retirement" age is 65. People can get the largest payout possible if they wait until age 70.
Analysts have proposed several ways to "save" Social Security. Among those is to add two years to three retirement options. Another is to raise the wage level cap when people pay in. Today, for most people, that is $184,500 a year. The most controversial idea is that people who make a great deal of money after they retire should pay little, or nothing.
Is 3.6% enough? Almost certainly not. Over the next year, the CPI could surge. Energy prices will be a factor. So will food. And food prices are affected by energy prices. Seventy percent of all Us freight is moved by truck. Diesel is at its highest price ever. Some of that will be passed on to consumers next year.
#people #money
Most of the conversation about Social Security is that it will "run out of money".That happens in late 2032. It really doesn't run out. The payout drops to about 79% of the current total.
People choose one of three options. Social Security defines them as "early eligibility," which can start at 62. "Retirement" age is 65. People can get the largest payout possible if they wait until age 70.
Analysts have proposed several ways to "save" Social Security. Among those is to add two years to three retirement options. Another is to raise the wage level cap when people pay in. Today, for most people, that is $184,500 a year. The most controversial idea is that people who make a great deal of money after they retire should pay little, or nothing.
Is 3.6% enough? Almost certainly not. Over the next year, the CPI could surge. Energy prices will be a factor. So will food. And food prices are affected by energy prices. Seventy percent of all Us freight is moved by truck. Diesel is at its highest price ever. Some of that will be passed on to consumers next year.
#people #money
