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CNN —Mexico is set to elect its first female president, with preliminary results showing Claudia Sheinbaum, Mexico City’s former mayor and climate scientist, is on track to win the country’s largest election in history. The 61-year-old rode the wave of popularity of her longtime political ally, the outgoing leftist Mexican President Andrés Manuel López Obrador, and their Morena party. Not only is she set to be Mexico’s first female president, Sheinbaum will also be the country’s first leader of Jewish heritage, although she rarely speaks publicly about her personal background and has governed as a secular leftist. Supporters of Claudia Sheinbaum celebrate during an election rally in Mexico City on June 2, 2024. If the court validates the election, Sheinbaum will take office on October 1.
Persons: Claudia Sheinbaum, Sheinbaum, Andrés Manuel López Obrador, Xóchitl Gálvez, Jorge Álvarez Máynez, Sheinbaum’s, Luis Antonio Rojas, Jesús María Tarriba Unger, López Obrador, coy Organizations: CNN, National Electoral Institute, National Action, Institutional Revolutionary, Democratic Revolution, Citizens ’ Movement, Bloomberg, Getty, Morena, Mexico City, Judicial, Federation Locations: Mexico, Morena, Mexico City
New Cracker Barrels might be smaller restaurants altogether, with menus that include new items like green chili cornbread and banana pudding. Discounted dinner from 4 to 6 p.m.Why would Cracker Barrel, so desperate for relevancy, lean into a tactic typically used to attract senior citizens? A woman eats lunch at Cracker Barrel. Masino didn’t explicitly mention the specials during the discussion about the long-term strategy for Cracker Barrel. To compete in this environment, Cracker Barrel realizes it has to offer some type of deal.
Persons: Julie Felss Masino, ” Masino, , Jeff Greenberg, Baby, Masino, Lisa W, Miller, RJ Hottovy, It’s, , John A, Gordon Organizations: New, New York CNN, Universal, Getty, Baby Boomers, Miller & Associates, Street Journal, Pacific Management Consulting Group Locations: New York, The Tennessee, Placer.ai
I'm a Gen Z freshman and I don't have a ticket to the sold-out club night my roommates are excited about going to. AdvertisementGen Z is one of the first generations who will be less wealthy than our parentsIt's not the first time Gen Z has defied expectations. As Business Insider previously reported, Gen Z is one of the first generations that will be worse off than their parents or grandparents. Gen Z appears to be less focused on the future and more on living enjoyable lives now. I'm an older Gen Z on the cusp of being a millennial, but this trend applies to some of the younger members of my generation, too.
Persons: , I'm, Brandy, Fingers, Kim Schewitz, Serena Vanderwoodsen, ceilidhs, Z, It's, we've, Gen, Gen Zers, they're, you'll, Gen Z Organizations: Service, Real, Business Locations: Brandy Melville, it's
Here’s who is running for president:Claudia SheinbaumThe 61-year-old Sheinbaum is a former Mexico City mayor and climate scientist. A longtime political ally of incumbent President Andrés Manuel López Obrador, she was the Mexico City environment secretary from 2000-2006 when he was mayor. Her close alignment with López Obrador has been both a blessing and a curse politically. (López Obrador has repeatedly dismissed whispers that he favors a candidate that he could influence, telling press in February that he would “retire completely” after his term.) For a relative newcomer, Galvez’s entry into the presidential race has gained impressive momentum, experts say.
Persons: Here’s, Claudia Sheinbaum, Andrés Manuel López Obrador, Sheinbaum, López Obrador, she’s “, , Lopez, , Xóchitl, Vicente Fox, • Galvez, ” Jorge Álvarez Máynez, Jorge Álvarez Máynez, San Pedro Garza García, • Máynez, López, Myriam Guadalupe Castro Yáñez, Greg Abbott, Gálvez, CNN’s Rafael Romo, David Shortell Organizations: Mexico City, National Guard, PRI, PAN, Federal Electricity Commission, Institute for Economy, National Migration Institute, National School of Social, National Autonomous University of Mexico, Texas Gov, Washington Locations: Mexico City, Chiapas, Guanajuato, Jalisco, Morelos, Puebla, Tabasco, Veracruz, Yucatán, Mexico, San, prohibitionism, UNAM, Texas, United States
The Senior Citizens League's latest projection forecasts Social Security's 2025 cost-of-living adjustment (COLA) to be just 2.66%, the lowest increase since before the pandemic. AdvertisementAccording to the Social Security Administration, the average monthly benefit in 2024 is $1,907, up about $50 from 2023. Over 67 million Americans receive Social Security. AdvertisementOver 67 million Americans receive Social Security, and an increase is not guaranteed. Since the COLA was added to Social Security benefits in 1975, there have been three years without a bump in the monthly checks.
Persons: , Shannon Benton, Benton, Ippei Naoi Organizations: Service, The, Business, Social Security, Senior Citizens League, Social Security Administration, Senior Citizen, Social, Labor Statistics, Citizen
I feel so fulfilled by my life in Finland. I was introduced to cross-country skiing when I moved to Finland five years ago, and now it is one my favorite hobbies." Finland is the first place I lived after college and the first place my husband and I lived together. You can follow her journey and life in Finland on Instagram or TikTok. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Jade Ventoniemi, I've, Ventoniemi, Jade Organizations: Southern, NCAA, CNBC Locations: Finland, U.S, Florida, States, Lapland, Kuusamo, Southern USA, American, Lahti
This year, Social Security beneficiaries saw a 3.2% increase to their benefits. The Social Security cost-of-living adjustment may also be 3.2% in 2025 based on the latest government inflation data, estimates Mary Johnson, an independent Social Security and Medicare policy analyst. That estimate may change between now and October, when the Social Security Administration announces next year's cost-of-living adjustment, or COLA. The average Social Security COLA has been 2.6% over the past 20 years, according to The Senior Citizens League. Many households tend to cut back on savings and increase withdrawals to try to lift themselves to where they were before inflation picked up.
Persons: Lourdes Balduque, Mary Johnson, Social Security COLA, Laura Quinby, It's, Quinby, Warren Buffett's Organizations: Social, Social Security, Social Security Administration, Senior Citizens League, Center for Retirement Research, Boston College, Center for Retirement, Finance
Whatever is happening on the Starbucks menu right now is making me feel like I'm a senior citizen. AdvertisementThe rise of complicated, multi-ingredient sweet drinks has coincided with the rise in popularity of the Starbucks app, accelerated by the start of the pandemic in 2020 when many locations couldn't take walk-in orders. I tried the newer Starbucks drinks myselfMy Oleato Golden Foam Iced Shaken Espresso with Toffeenut drink, which was 360 calories and tasted like coffee ice cream. Katie Notopoulos / Business InsiderI acknowledge I'm a bit of a crank when I say: The Starbucks menu is out of control. (I should note here that my grande iced drink was 360 calories, which does seem like a dessert treat rather than a morning coffee.
Persons: , anyone's, It's, lattes, chino, Lindsey Wasson, Katie Notopoulos, slurped Organizations: Service, Business, AP Locations: TikTok, chino
The essay — one of 40 in her new book, “Bite by Bite” — isn’t just about her son, or vanilla. Each chapter of “Bite by Bite” focuses on a food — everything from apples to butter to the Filipino dessert halo-halo. But food is one big connector, so I really wanted to focus in on that. Menahem Kahana/AFP/Getty ImagesI really wanted to kind of celebrate, again what nourishes us, what brings us together. I used to be so creative, and I don’t know what to do.
Persons: Aimee Nezhukumatathil, Nezhukumatathil, Edmond Albios, Nezhukumatathil’s, It’s, it’s, , , , ” Nezhukumatathil, deliciousness doesn’t, Nezhukumatathil doesn’t, There’s, Menahem Kahana, there’s, That’s, , we’re, ‘ I’m Organizations: CNN, Getty Locations: Spain, Philippines, Portugal, India, American, New York, Concord, AFP, New York City, San Antonio
CNN —Not long ago, senior citizens got the two biggest annual increases in their monthly Social Security checks that most had ever seen. While inflation has afflicted Americans of every age, senior citizens are often in a more difficult predicament because many live off fixed incomes. Many depend heavily on Social Security – some 42% of elderly women and 37% of elderly men rely on the monthly payments for at least half their income, according to the Social Security Administration. They aren’t wrong: Inflation has eaten away at 36% of Social Security benefits’ buying power since 2000, according to an analysis last year from The Senior Citizens League. The president needs these senior voters since polls also show his support among younger Americans has eroded since 2020.
Persons: Joe Biden, Donald Trump, Biden, Shannon Benton, , , Mary Johnson, Johnson, , Trump, they’ve, Marty Cohen Organizations: CNN, Social Security, Senior Citizens League, Social Security Administration, Biden, James Madison University Locations: Pennsylvania, Arizona , Michigan, Wisconsin
We pay $80 every other week for pet insurance that comes with a 70% reimbursement. One x-ray, three prescriptions, and $500 later, I was never more relieved that we had pet insurance. We get 70% reimbursement after a $250 deductibleWe pay around $80 every other week for our dog's pet insurance policy. His policy is through Nationwide Pet Insurance (yep, they have pet insurance, too!) Being able to say to them, "No worries, we have pet insurance so most of it will be covered"?
Persons: , we've, It's, he's, That's, He's Organizations: Service, Nationwide Pet Insurance, French bulldogs, English bulldogs, bulldogs Locations: Boston, PetPlan
“President [Joe] Biden has been calling on Congress to pass legislation that would extend the benefit through 2024. “But unfortunately, Republicans in Congress have failed to act.”Biden has called on Congress to approve $6 billion to continue the ACP. A bill introduced in January by a bipartisan group of lawmakers in the House and Senate would authorize $7 billion. That legislation has 216 co-sponsors in the House, including 21 Republicans, and three in the Senate, including two Republicans. Administration officials declined to say whether Biden or Vice President Kamala Harris have personally discussed the ACP with congressional Republicans.
Persons: Biden, Joe, , ” Biden, Mike Johnson, Blair Levin, ” Levin, Republican Sens, J.D, Vance of Ohio, Kevin Cramer of North, Spokespeople, Johnson, Chuck Schumer didn’t, Kamala Harris, Jessica Rosenworcel, ” Rosenworcel, Rosenworcel, Sen, Maria Cantwell Organizations: CNN, Republicans, Program, Federal Communications Commission, GOP, Democratic, Congress, Republican, New, Research, Administration, ACP, Commerce, Science, Transportation Locations: Kevin Cramer of North Dakota
Americans are getting grayer — and that could be a windfall for senior housing. Both own senior housing properties. In addition, there is a rising need for senior care. "This population of seniors that may need higher quality services and care is significantly greater than the ~3.0% of seniors that are currently living in senior housing facilities," the firm's analysts said. American Healthcare should see the greatest operating upside from senior housing facilities, they said.
Persons: grayer, Morgan Stanley, Sarah Wolfe, Welltower Organizations: Healthcare, National Center for Health Statistics
Like Frieden, they're having a hard time finding what they need on the market. Frieden says she's surprised developers aren't doing more to meet the demand, particularly at the higher end of the market. Empty-nest boomers now own twice as many large homes as millennials with kids do, according to a recent Redfin analysis. This is making it even harder for millennials and households with kids to break into the market or upsize their homes. AdvertisementThis misallocation of housing — and shortage of larger condos and apartments — will become increasingly urgent as boomers age in homes that aren't ideal — or even safe — for them.
Persons: Deborah Frieden, , they've, Frieden, they're, they'd, Joe's, she's, I've, Daryl Fairweather Organizations: Service, BI Locations: Oakland , California, Lake Merritt, Frieden
Peopleimages | Istock | Getty ImagesEarly estimates for the 2025 Social Security COLANew government data points to a 2.4% Social Security cost-of-living adjustment for 2025, The Senior Citizens League estimates, based on new government inflation data released this week. The Social Security Administration typically announces the cost-of-living adjustment for the following year in October. In the meantime, experts say there are steps retirees can take to help compensate for the prospect of lower benefit increases. Annuities, which provide fixed income in retirement in exchange for a lump-sum investment, can be one way to supplement a retiree's income, LaVigne said. Consult with a financial advisorBefore purchasing an annuity or other retirement income strategy, it helps to consult with a professional.
Persons: " Johnson, Johnson, Lisa Featherngill, Featherngill, Kelly LaVigne, You've, LaVigne Organizations: Istock, Getty, Security COLA, Social Security, Senior Citizens League, Urban, Clerical Workers, CPI, Comerica Wealth Management, Social, Allianz Life Locations: Winston, Salem , North Carolina
Kathy Hochul announced, to immediate controversy, that she would deploy 1,000 members of the National Guard and the State Police to patrol New York City’s subway system in an effort to help people feel safer. “I could show you all the statistics in the world and say ‘you should feel safe’ because the numbers are better,” Ms. Hochul said. Crime in the transit system fell in 2023 compared with the previous year even as ridership increased. “But you’re the mom on the subway with your baby in the stroller, you’re the parent putting your kid on the subway to go high school, you’re that senior citizen going to a doctor’s appointment ” she continued. But the governor has made clear that shifting perceptions about the prevalence of disorder is not her only objective.
Persons: Kathy Hochul, ’ ’, Ms, Hochul, , Joe Scarborough Organizations: Gov, National Guard, State Police Locations: York, Brooklyn, Rockaway, New York
A new signal recently received from the spacecraft suggests that the NASA mission team may be making progress in its quest to understand what Voyager 1 is experiencing. Voyager 1’s flight data system collects information from the spacecraft’s science instruments and bundles it with engineering data that reflects the current health status of Voyager 1. But since November, Voyager 1’s flight data system has been stuck in a loop. On March 3, the team noticed that activity from one part of the flight data system stood out from the rest of the garbled data. The decoded signal included a readout of the entire flight data system’s memory, according to an update NASA shared.
Persons: , Suzanne Dodd Organizations: CNN — Engineers, NASA, Voyager, Network, CNN
It's not the first time Trump has suggested cuts to Social Security. However, such a policy would reduce the tax income Social Security and Medicare rely on. In recent interviews, Trump has mostly rejected the idea of changing Social Security. How Biden aims to strengthen Social SecurityDuring the State of the Union on Thursday, President Biden promised to protect both Social Security and Medicare from cuts. Biden calls for improving Social Security benefits, as well as Supplemental Security Income benefits, for seniors and people with disabilities, particularly those with low incomes.
Persons: Donald Trump, Joe Biden, Sen, Marco Rubio, Joe Raedle, Trump, Biden, It's Organizations: U.S, Miami - Dade Country Fair, Getty, Social Security, CNBC, Security, Fox News, Social, Union Locations: Miami , Florida
Morgan Stanley cut its price target on Tesla after trimming its profitability forecasts. The analyst has a price target of $500, which implies upside of more than 20% over the next 12 months. — Hakyung Kim 6:51 a.m.: JPMorgan raises CrowdStrike price target after earnings beat CrowdStrike is managing to grow quickly while delivering strong results, says JPMorgan. The bank upgraded the retailer to buy from hold, increasing its price target to $195 from $140. — Fred Imbert 5:40 a.m.: Morgan Stanley cuts Tesla price target 2024 will be for electric vehicles, said Morgan Stanley's Adam Jonas, who warns that Tesla could lose money this year.
Persons: Morgan Stanley, Wells, Andrew Nowinski, MongoDB, Hakyung Kim, CrowdStrike, Brian Essex, Essex, — Hakyung Kim, UnitedHealth, Andrew Mok, Mok, Berenberg, Philip Buller, Buller, Bob Jian Huang, Huang, Daniela Bretthauer, Krisztina Katai, — Fred Imbert, Morgan Stanley's Adam Jonas, Tesla, Jonas Organizations: CNBC, HSBC, Target, JPMorgan, Barclays, Medicare, Honeywell, Berenberg, Morgan Stanley Insurance, Progressive, Target . Deutsche Bank Locations: Andrew Mok ., Honeywell's, U.S, Tuesday's
Upon first glance, you might not think Kahil El’Zabar, 70, is a spiritual jazz musician. That’s not to say avant-jazz guys can’t be chic, but rarely do they look this dapper. In 1974, he founded the Ethnic Heritage Ensemble as a quartet blurring the edges of traditional jazz, Afrocentric rhythms and cosmic expanse. Much like the Pyramids, the Ohio-based band that wore African finery and played polyrhythmic arrangements lifted from the continent, El’Zabar’s group wasn’t fully appreciated by American listeners. The quartet came at a time when jazz musicians started blending their sounds with stadium-sized funk and rock, and psychedelic African jazz was considered a bridge too far.
Persons: That’s, , , , I’m, El’Zabar Organizations: Moxy Locations: Williamsburg , Brooklyn, , Ohio
At the current trajectory, that's set to weigh on the economy for the next decade or more. AdvertisementMillennials aren't having as many kids as previous generations, and that fact could end up dragging down economic growth for more than a decade. "What you're talking about is these birth rates dropping very, very low levels, which over the course of time has huge impacts on the economy," Pomeroy said. The impact of millennials having fewer kids will likely be worse than the impact of aging boomers — and the most dire consequences could come 10-15 years from now, Pomeroy estimated. The most important thing to encourage people to have more kids might be a cultural shift in how we talk about children, Buchholz says.
Persons: Millennials, , James Pomeroy, Pomeroy, Todd Buchholz, , boomers, Buchholz, That's, DINK, " Buchholz, it's Organizations: Service, Centers for Disease Control, White House, Medicare, Social Security, CNBC, Sony PlayStation Locations: China, Japan, Russia
That's because a subsidy that helps people with limited resources afford internet access is set to expire this spring. If the program expires, participating families, including nearly 900,000 in North Carolina, will either lose internet access or have to pay more to stay connected. Most of that money will be awarded to internet providers to build internet infrastructure in areas that need it most. Several states incorporated the ACP subsidies into those draft plans in ways that would lower the cost for internet access to zero for some customers. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
Persons: Joe Biden, ” North Carolina Governor Roy Cooper, , Shirleen Alexander of Charlotte, , Alexander, Biden, Franklin Roosevelt, Brian Vo, ” Vo, Nate Denny, he's “, ” Denny, Denny, Gina Raimondo, ” Cooper, ___ Organizations: ANGELES, Program, ” North, ” North Carolina Governor, Democrat, Administration, New, , Connect, Biden, Federal Communications Commission, Sense Media, Boston Consulting, Broadband Equity, National Telecommunications and Information Administration, Associated Press, America Statehouse News Initiative, America Locations: North Carolina, U.S, , ” North Carolina, America, Raleigh
Read previewThe announcement Monday that King Charles III has cancer has shone a light on just how fragile the British monarchy is. While he undergoes treatment, King Charles, 75, will "postpone public-facing duties" while continuing to work on his usual State business from home, according to the statement. With the king out of commission for public engagements, it will fall to the rest of the royal family to step more into the public eye while he heals. But the list of working royals is growing smaller and older. King Charles.
Persons: , King Charles III, Buckingham, King Charles, William, Kristen Meinzer, Meinzer, Prince Harry, Prince Andrew, Kate Middleton, Meghan Markle, Harry, Duke, Chris Jackson, hasn't, Virginia Giuffre's, Jeffrey Epstein, Ghislaine Maxwell, Giuffre, Epstein, Andrew, Wales, Charles, Easter, Prince William, Meghan, don't, Eric Schiffer, Queen Elizabeth II, Camilla, King Charles II, Prince, Princess, CHRIS JACKSON, Schiffer, " Schiffer, Princess Anne, Prince Edward, Anne, Queen Elizabeth II's, Edward, Princess Eugenie, Princess Beatrice, Tolga, Prince Andrew's Organizations: Service, Business, Sussex, Management, Diplomatic Locations: British, London, Virginia, Kensington, Buckingham
A wave of retiring Boomers means the generation will soon be at "peak burden" to the economy. It's the Baby Boomers, who are aging fast and approaching their "peak burden" years in regard to their drag on the economy and the resources of younger generations. Advertisement"The peak burden is [when] all the baby boomers have hit retirement," Millar told Business Insider. And it isn't the case that Baby Boomers will derail economic growth nearly as much as, say, a full-blown recession, according to Dean Baker, an economist who described the Baby Boomers as a "time bomb" in a 1998 paper. In 2022, empty-nester baby boomers owned 28% of large homes in the US, a Redfin analysis found, double the share of millennial families.
Persons: , Zers, Jonathan Millar, Millar, Dean Baker, That's, Boomers, David Rosenberg, Baker, Gen Organizations: Boomers, Service, Barclays, National Association of Realtors, Chamber of Commerce, Rosenberg Research, Social, Insurance Trust Fund, Social Security Administration Locations: Millennials
Sardinia, Italy is one of the world's five "Blue Zones" — or places around the world where an unusually large number of people live to 100 or longer. For these vibrant Sardinian senior citizens, what they eat plays an important role in longevity. But you don't need to live in Italy to get these culinary health benefits. Here's how to eat like a Sardinian for a longer life:1. Grow some of your own foodSardinians like to forage for wild asparagus, wild greens, berries and mushrooms.
Locations: Sardinia, Italy, Sardinian
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