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Search resuls for: "Robert Shapiro"


3 mentions found


☆ Welcome to 'peak boomer' era: A wave of retirees is about to blow through their savings and cling to Social Security to stay afloat
  + stars: | 2024-04-19 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com   time to read: +5 min
Over 30 million "peak boomers" are entering retirement financially unprepared. This cohort is known as "peak boomers," and per the report, most of them are on track for significant economic headwinds. It's what some have called the boomer retirement bomb — and it might be costly for the rest of the workers in the economy. The peak boomers' retirement wave could also impact the overall US economy. And, per Business Insider's calculations of CPS ASEC data, 79.2% of retirees receive some type of Social Security income.
Persons: —, Robert Shapiro, boomers, Pam Organizations: Social Security, Service, Alliance, Lifetime, Income, Federal Reserve, University of Michigan Health, Commerce, Economic Affairs, Boomers, Consumer Expenditure Survey, CPS
☆ Women, part of the wave of baby boomers reaching 'peak 65,' are more likely to struggle in retirement, research finds
  + stars: | 2024-04-18 | by ( Lorie Konish | ) www.cnbc.com   time to read: +1 min
The largest cohort of baby boomers is poised to reach age 65 between now and 2030. A majority of those baby boomers are not financially prepared for retirement, according to the research. Women are not the only peak boomers who are at a greater economic disadvantage, the research found. Individuals in those categories are more likely to have multiple types of retirement accounts and larger balances, according to the research. The median retirement savings for peak boomers is $225,000.
Persons: —, Robert Shapiro Organizations: Alliance for Lifetime, D.C, Commerce Department, Social Security Locations: Washington
☆ Rail strike blocked by Senate, Biden as holiday travel looms
  + stars: | 2022-12-01 | by ( Robert Shapiro | Robert Shapiro Is The Chair Of Sonecon | An Economic Advisory Firm | ) www.nbcnews.com   time to read: +6 min
Freight rail has the specific job of moving heavy, bulky goods and commodities, such as crude oil and coal, chemicals, large machinery, fabricated metals and many foodstuffs on which every American depends. Yet rail unions have been threatening a strike in the coming days because they are dissatisfied with a proposed labor contract. That’s why nearly 450 business groups this week told Congress that action to avert a freight rail strike was a matter of “grave urgency.” Washington is right to listen to them. But rail companies provide sick leave benefits based on post-contract talks between each company and its unions. Today, that’s freight rail service.
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