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☆ How America's Retirement System Turned Into a Stressful Nightmare
▼ + stars: | 2024-04-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

Then you get to collect Social Security, on top of drawing from the nest egg you've built up over your career. The burden of saving for retirement — and the anxiety that comes with it — is a fairly new phenomenon. There's nothing irrational about being nervous that you won't have enough money to live on to last your whole life. The new system also allows people to dip into their retirement piles if need be — which can be both a blessing and a curse. AdvertisementIt's not likely that Social Security will just dry up — Congress could increase the retirement age or up the funding for the program.

Persons: they'll, Teresa Ghilarducci, —, they'd, Larry Fink, there's, Fink, It's, they're, Norman Stein, Drexel University's Thomas R, Chris Woods, They're, Stein, Riley Moynes, it's, Woods, Emily Stewart Organizations: Social, CNBC, The New School, Workers, BlackRock, Drexel, Kline School of Law, Silvis, Social Security, GOP, Security, Business Locations: America, New, Charlotte , North Carolina

☆ Why Retirement Feels so Scary for Millennials and Gen Z
▼ + stars: | 2024-04-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

Then you get to collect Social Security, on top of drawing from the nest egg you've built up over your career. In a recent CNBC survey, over half of respondents in the US said they thought they were behind on saving and planning for retirement. The burden of saving for retirement — and the anxiety that comes with it — is a fairly new phenomenon. There's nothing irrational about being nervous that you won't have enough money to live on to last your whole life. AdvertisementIt's not likely that Social Security will just dry up — Congress could increase the retirement age or up the funding for the program.

☆ Shohei Ohtani’s $700M Dodgers contract is huge — but its actual value is much lower
▼ + stars: | 2023-12-15 | by ( David K. Li | Kate Dore | ) www.cnbc.com time to read: +4 min

Japanese baseball player Shohei Ohtani attends a press conference on his presentation after signing a 10-year deal with the Los Angeles Dodgers at Dodgers Stadium in Los Angeles, California, on Dec. 14, 2023. At first glance, Shohei Ohtani's $700 million, 10-year deal with the Los Angeles Dodgers is nothing short of a Ruthian blockbuster, topping all other free agent pacts. The deal was originally reported as a $700 million, 10-year deal, which drastically tops all previous MLB contracts in terms of total compensation and average annual value. And on the other side of the spectrum, annual inflation was consistently less than 2% for much of the 2010s. For him, the decision to sign the deal with the Dodgers had more to do with earning things on the field than off.

Persons: Shohei Ohtani, Colin Gerrety, Mookie Betts, Freddie Freeman, Chavez, we've, Christopher Woods, Woods, he's, It's, I'm, Ohtani, David K, Li Organizations: Los Angeles Dodgers, Dodgers, NBC, Wealth, Los Angeles Angels, MLB, The Dodgers, Star, Silvis, Labor Department, Federal Reserve Locations: Los Angeles , California, Vienna , Virginia, Charlotte , North Carolina, L.A

Commotio cordis occurs less than a few dozen times a year in the U.S. Could chest protectors prevent the problem? It wasn't until 2019 that the National Operating Committee on Standards for Athletic Equipment, developed standards for chest protectors. In 2022, USA Lacrosse mandated that all youth lacrosse players wear chest protection. Though doctors have not said whether Hamlin's injury was indeed commotio cordis, Acompora is glad to see the condition getting national attention. Chest protectors such as this one from Unequal Technologies have been in demand since Damar Hamlin’s cardiac arrest Monday.

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