Month: June 2019

How Many People Will Be Retiring In The Years To Come?

The daily rate of people aging into retirement (i.e. turning 65) will peak in 2022 at just below 12,000. Over the next two decades, about 10,000 people will turn 65 every day. This impending milestone is set to tax the resources of the Social Security Administration at a level not yet experienced in the system’s 84-year-existence.

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Millennial Net Wealth Collapses, Study Finds

The net worth of millennials (18- to 35-year-old) has collapsed 34% since 1996, according to a new, shocking report from Deloitte. Millennials are financially worse off than any other generation before them. With student loans, auto and credit card debts, rising rents, and out of control, health-care costs have pushed their average net worth below $8,000.

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Armed Mexican Troops Block Migrants At Southern Border After Tariff Talks Tank

One day after US and Mexican negotiators failed to reach a deal to prevent punitive US tariffs from going into effect over border security, Mexican soldiers, armed police and migration officials blocked hundreds of migrants after they crossed into Mexico from Guatemala in a caravan on Wednesday. According to Reuters, the response from Mexico marks a major step in compliance with President Trump’s demands that the country halt the flow of illegal immigration, primarily from Central America, in order to avoid 5% tariffs which are set to begin on Monday.

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