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The retirement Catch-22
  + stars: | 2024-06-18 | by ( Ann C. Logue | ) www.businessinsider.com   time to read: +10 min
The current Social Security retirement age is 67, but most Americans depart the workforce earlier than that. Instead of making it easier for Americans to save for retirement and work as long (or as short) as they want, Fink is setting up a catch-22: The economy needs aging Americans to work longer, but many companies simply don't want them. One of Button's studies looked at "bridge jobs , " part-time jobs in administration or retail that many people use to ease into retirement and cushion their finances. The same year, Scripps Medical Clinic in San Diego was ordered to pay $6.9 million for setting a mandatory retirement age for physicians of 70, regardless of the doctors' interest or abilities. And some older workers have heard all the corporate buzzwords and blather before, so they don't buy into management's sloganeering, rendering them "difficult."
Persons: Larry Fink, behemoth BlackRock, Fink, Daniel Ross, Ross, he's, Emily Dickens, SHRM's, We've, Stacie Haller, Patrick Button, Button, ResumeBuilder.com, Gen, we've, Mother Jones, Lilly Organizations: Social Security, Lawyers, Society, Human Resources Management, US Chamber of Commerce, Tulane University, IBM, Employment, Commission, Scripps Medical Clinic, Employers Locations: Down, Texas, Austin, San Diego
Hammer denied certain allegations against him, such as the allegation of rape, and simply avoided or refused to address others. Leon Bennett/WireImageDuring the timing of the alleged messages, Hammer was married to Elizabeth Chambers. AdvertisementThat same year, the actor told Elle magazine that a former girlfriend tried to stab him while they were having sex. "I hit really dark low points," Hammer told Ramsey. Hammer denied rumors that he is a cannibal, calling them "bizarre," and said he's now sober after doing an extended stint in rehab.
Persons: , Hammer, @houseofeffie, Armie Hammer, Richard Shotwell, Jennifer Lopez, Armie, Josh Duhamel, Hammer's, Elizabeth Chambers, Leon Bennett, Chambers, Julie Miller, Elizabeth, exes, Courtney Vucekovich, Paige Lorenze, Andrew Brettler, Mr, Jessica Ciencin Henriquez, Henriquez, Rebecca, Marquis de Sade, Elle, Angelova, Gloria Allred, Brettler, Allred, Effie, wasn't, Tyler Ramsey, Ramsey, he's, I'm, Moises Mendez II, Gabi Stevenson Organizations: Service, Air Mail, Business, Los Angeles Police Department, LAPD, Hollywood, Variety, Lionsgate, Hammers, Fox News, Daily Mail, Netflix, Playboy, Hollywood Reporter, Facebook Locations: Los Angeles, Dominican Republic, Netflix Brazil, LA, Cayman Islands
Michaela Jaé Rodriguez is known for her work on "Pose" and became the first transgender person to win a Golden Globe in 2022. Jordan Strauss/APBefore landing her role in "Pose," Rodriguez appeared on TV in shows like "Nurse Jackie" and "The Carrie Diaries." After three seasons, Rodriguez was finally nominated for an Emmy in May 2021 for her role in "Pose," making history. And in January 2022, Rodriguez made history again by becoming the first transgender person to win a Golden Globe. "This is the door that is going to Open the door for many more young talented individuals," Rodriguez wrote on Instagram.
Persons: Michaela Jaé Rodriguez, Mj Rodriguez, Jordan Strauss, Rodriguez, Jackie, Blanca Rodriguez, Maya Rudolph, Adam Scott, Joel Kim Booster Organizations: Globe, Black Latina, Netflix, Apple Locations: Black, Newark New Jersey
A new study by Mercer ranked 226 cities in the world based on how expensive they are to live in. Four of the most expensive cities are in just one country. One Canadian city ranked highest for finding the balance between cost and quality of living. AdvertisementSome expats seek a better quality of life in a cheaper city; others follow a dream job posting to an expensive metropolitan hub. New research by consulting firm Mercer has revealed the ten most expensive cities for international employees to live in in 2024.
Persons: , Mercer Organizations: Mercer, Service, Business
The three-day holiday of Eid-al-Adha commemorates the story in the Quran of God appearing to Ibrahim, or Abraham, in a dream and commanding him to sacrifice his son as an act of obedience. Muslims believe that as Abraham was about to sacrifice his son, an angel of God stopped him and gave him a ram to sacrifice in place of his son. Many people kick off the holiday by calling and texting Muslims they know throughout the world with “Eid Mubarak,” which means blessed feast or festival. Here are some mindful takeaways from the Eid holiday that you can include in your routine – no matter what you believe in. It sounds like a miraculous happening, but when applied to daily life, one can view it as doing one’s work and trusting that things fall into place.
Persons: Ibrahim, Abraham, God, “ Eid Mubarak, Abraham’s, Yasmine Saad, , Rania Awaad, Gabriel Reynolds, ” Reynolds, Eid, Prophet Abraham's, Ismail, Babu Babu, , doesn’t, ” Saad, Jes Aznar, Getty, David Spiegel, “ we’ve, , Awaad Organizations: CNN, Stanford Muslim Mental Health, Islamic Psychology, Islamic Studies, University of Notre Dame, Stress, Health, Stanford Medicine Locations: Saudi Arabia, Mecca, Islam, New York City, Chennai, India, Mamasapano, Central Mindanao, Philippines
In this sluggish real estate market, it might seem like a dream — that is, if you're actually looking to sell. In 2023, the Federal Bureau of Investigation's Internet Crime Complaint Center saw more than 880,000 complaints about internet scams totaling $12.5 billion in losses. AdvertisementReal estate scams are an especially popular internet crime. In Caldwell's case, too, a scammer told prospective buyers to contact "Mandi" in Las Vegas and send $245 to the seller's mother. Advertisement"I'm kind of stuck here," Bertram told the Kansas City Star.
Persons: , Lauren Bertram, we're, Bertram, Burns, McDonnell, Jordan Pandy, Galen Caldwell, It's Organizations: Service, Kansas City, Business, Kansas City Star, Mandi, Federal Bureau of, FBI, BEC, Federal Bureau of Investigation, Seattle, CBS News Locations: Las Vegas, Mandi
Saurabh Netravalkar (left) bowled the decisive Super Over to help the USA to its famous victory over Pakistan at the Men's T20 Cricket World Cup. A momentous dayBorn and raised in Mumbai, India, USA bowler Saurabh Netravalkar began playing cricket from an early age. Such was the promise he showed that he was selected for India’s team for the Under-19 World Cup in 2010, finishing the tournament as the country’s leading wicket taker. Not only is the US one of the co-hosts for the T20 World Cup for the first time, but it is making its debut appearance on this stage. The USA's success at the T20 World Cup has captured the hearts and minds of supporters at its home games.
Persons: Saurabh Netravalkar, Matt Roberts, Netravalkar, , , Andrew Caballero, Reynolds, Aaron Jones, ” Jones, CNN’s Patrick Snell, Jones, Virat Kohli, Rohit Sharma, Adam Hunger, Ali Khan, Nosthush Kenjige, ” Kenjige, Stuart, , , , US –, We’ve Organizations: CNN, USA men’s, India, Pakistan, ICC, Ireland, India national, Cornell University, Cricket Council’s, USA, BBC, Veteran USA, USA Cricket, Stuart Law, Major League Cricket, US, Canada Locations: Pakistan, Mumbai, India, USA, New York, San Francisco, AFP, Queens , New York, Barbados, Caribbean, Dayton , Ohio, South Africa, New Zealand
Disney agreed to a $9.5 million settlement with guests who purchased a Dream Key pass in 2021. A lawsuit claimed Disney misled guests into believing the annual pass had no block-out dates. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDisneyland guests who paid nearly $1,400 for a Dream Key annual pass can soon expect a check from Disney. Payments from the $9.5 million settlement were sent to eligible class action lawsuit members through the mail and digitally on June 14.
Persons: Disney, , Jenale Nielsen Organizations: Disney, Service, Walt Disney Parks and Resorts, Business Locations: California
The share of remote work opportunities for high-wage earners might have fallen from its peak in 2022, but there are still dozens of flexible jobs with salaries in the six-figure range in high demand. Popular job search site Indeed saw a 40% increase in remote job openings between March 2023 and March 2024. Several roles with a high volume of job listings offer salaries over $100,000, including real estate analyst and telemedicine physician. The most in-demand, six-figure remote jobs companies are hiring for include roles in tech, sales and marketing, according to new research from FlexJobs. To make your remote job application stand out — regardless of the time of the year — Spencer recommends networking with employees at your target list of companies.
Persons: FlexJobs, Keith Spencer, Spencer, — Spencer Organizations: CNBC
Perched on the Corcovado – a 2,300-foot-high granite outcrop looming above the city – the Cristo Redentor (Christ Redeemer) statue sweeps its arms out in a warm embrace, welcoming visitors to the city of samba. “It is he who finds me when I arrive in Rio.”For over a century, the statue has been a symbol of Rio de Janeiro. Christ Redeemer bags are his top sellers, tied with those sporting the Sugarloaf Mountain. Deemed one of the seven modern wonders of the world, the Christ Redeemer is Rio’s most visited attraction, says tour guide Cristina Arroio. Maybe that’s the ultimate miracle of the Christ Redeemer.
Persons: , Gilson Martins, Michelle Obama, Heitor da Silva Costa, Jesus teetering, Paulo Vidal, it’s, Vidal, Instituto Moreira Salles, Jesus Christ, Da Silva Costa –, , Carlos Oswald, Paul Landowski, Da Silva Costa, Soapstone, Márcia Braga, Work, IPHAN, It’s, Matthew Stockman, Gilson Martins Braga –, , Braga, ” Gilson Martins, , Emmanuele, Tom Jobin, “ Da, O, que lindo, ” Martins, ’ ”, Francesco Perrotta, Lina Bo Bardi, Corcovado, Mauro Pimentel, Cristina Arroio Organizations: CNN, Instituto, Nacional, Historical, Heritage, UNESCO, , Guanabara ”, cariocas, Bosch, Getty Locations: Rio de Janeiro, Rio, Brazil, Calvary, Polish, Latin America, steatite, Minas Gerais, Braga, Ipanema, Guanabara, ” Rio de Janeiro, AFP
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In travel news this week, new hiking programs in Italy, America’s best restaurants and chefs and how to bear-proof your picnic. Hiking in ItalyThe Proclaimers were willing to walk 500 miles for their dream, but the under-35s only have to embark on a 500-kilometer (311-mile) walking route to qualify for three nights’ free accommodation in Sardinia, Italy. The accommodation vouchers are valid from September 15 to the end of the year, so start planning now. CNN Travel celebrates the best barbecue from around the world.
Persons: James Beard, CNN It’s, Yogi Bear, they’re, It’s Organizations: CNN, Palma de Mallorca Airport, Austrian Airlines, Palma de Mallorca, Oakland Zoo, China Eastern Airlines, CNN Travel Locations: Italy, Sardinia, Cammino, Santa Barbara, Chicago, Denmark, French Polynesia, India, Nepal, Greece, China, Spain, Austrian, Palma, Vienna, Austria, California, Florida
When my husband Brian first told me he's from Laguna Beach, it took everything in me to play it cool. Deciding we wanted to stay in Laguna Beach wasn't hard — I mean, it's beautiful, sunny, laid back, and has a thriving art scene. Finding a creative way to live in Laguna BeachThe median home price in Laguna Beach hovers around $3 million and the median monthly rent is over $8,000. Take a look inside our 'vintage' Laguna Beach trailerOur two-bedroom, two-bathroom home was built in the 1960s. The trailer is across the street from the beach and Jaclyn and Brian typically head over a couple days a week.
Persons: Brian, millennials, I'd, Kristin, Seth, Brian's, we'd, We've, Jaclyn Westlake, we're, Jaclyn, Tristan Pelletier, you'll, it's, Brian didn't, Indiana Jones, we've Organizations: CNBC, Brian's Locations: Laguna Beach, Los Angeles, Laguna, Brian's, It's, California
Read previewOver the last few years, many US workers have found themselves traveling farther to get to work but going into the office less often, thanks to hybrid work models. Business Insider spoke with three commuters who have traveled through multiple states to get to work each week. Flying to Michigan weekly for work gave this New Yorker the best of both worldsMiller on the University of Michigan football field. AdvertisementLiving in the Delaware suburbs on an NYC salary made this four-state commute worth itKyle Rice. Courtesy of Kyle RiceKyle Rice started traveling from Wilmington, Delaware, to NYC every morning for work in February.
Persons: , Miller, Susan Miller, Kyle Rice, Kyle Rice Kyle Rice, Rice, I'd, Mercier, Malick Mercier, Manseen Logan Organizations: Service, Business, Yorker, University of Michigan, University of Michigan Ross School of Business, Amtrak, BI, New York, Los Angeles International Airport Locations: Michigan, New York City, Ann Arbor , Michigan, New, City, Delaware, Wilmington , Delaware, Wilmington, Newark , New Jersey, Newark, LA, New York, Los Angeles, mlogan@businessinsider.com
Welcome to the age of geriatric millionaires
  + stars: | 2024-06-15 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +8 min
While it makes sense that time is often a crucial ingredient to accruing savings and assets, the average age of millionaires in the US has been rising faster than the average age of the overall population over the last three decades. How millionaires are changingSince 1992, the average age of the country's millionaires has been going up. That means that younger millionaires aren't joining their ranks fast enough to keep the average age steady. Millionaires are overrepresented beginning around age 50, but track pretty cleanly with the cohort in their 40's. What does it mean to have so many older millionaires?
Persons: , Chuck Collins, inequality.org, Collins, America's, aren't, Garrett Watson, that's, Watson, Xers, Gen Xers, they've, haven't, That's, It's, Ed Yardeni, They're, Redfin, King Charles, King Charles III of, it's, You've Organizations: Service, Business, Policy Studies, Forbes, Consumer, Millionaires, Tax, Security, Labor, Institute for Policy Studies Locations: United Kingdom
AdvertisementFlood of supportIt was obviously disappointing and really shocking — I'd been excited about the Coinbase job. AdvertisementAlthough I had another offer on the table, I accepted the Amazon job. It felt like a safer choice because it was a Big Tech company — and I already knew the team. I was interested in entrepreneurship after having experienced big tech and trying out these jobs inspired me to start building my own venture. My immediate reaction for several months was disillusion with the with Big Tech, but now I feel positive about my experiences.
Persons: , Matan Gans, cryptocurrency, they'd, Slack, I'd, I've Organizations: Service, Brown University, Google, Business, Amazon Web Services, Big Tech, LinkedIn, Amazon Locations: Coinbase, Boston, California, Seattle, East, West Coast, Providence , Rhode Island, East Coast ., Amazon
People who paid nearly $1,400 for an annual pass to Disneyland will begin receiving checks in the mail this month from a $9.5 million settlement of a class-action lawsuit that accused Disney of misleading customers into believing that the program carried “no blockout dates.”More than 100,000 people who bought the Dream Key annual pass between Aug. 25 and Oct. 25, 2021, will each receive about $67.41, a small fraction of what they paid for the pass. The payments were to begin arriving by mail or electronically starting in mid-June, according to the settlement agreement. The lawsuit was filed in November 2021 by a California woman who said she purchased a Dream Key pass to Disneyland in Anaheim, Calif., under the impression that the pass would allow her to make reservations for any day of the year. But when she tried in October 2021 to make a reservation for dates in November, she found that she was unable to do so, according to the lawsuit. The lawsuit said Disney “appears to be limiting the number of reservations available to Dream Key pass holders in order to maximize the number of single-day and other passes” that it could sell to Disneyland visitors.
Persons: Disney, Disney “ Organizations: Disney Locations: California, Anaheim , Calif
Against all odds, he became a successful entrepreneur and accomplished his goal of providing a good life for his family. My earliest memories of my dad are from when he was 40, just two years younger than I am now. He raised me as a single parent after my mom began shuttling between her native Chicago and Providence when I was 9. When I lost my dad in 2022, I foolishly thought I knew how to grieve, having already lost my mom. Ask family and friends to share their favorite memories of your dad, creating a collection to revisit whenever you miss him.
Persons: he'd, shouldn't, I've, it's, I'm, There's Organizations: Service, Labor Locations: Providence , Rhode Island, Chicago, Providence, Los Angeles, East, New Jersey, Jersey, Jamaica, Queens , NY
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. People don't call Warren Buffett the Oracle of Omaha for nothing. Whenever Buffett takes questions, he's nearly always asked more generally about the secrets to a better life. Buffett added that living in modern-day America gave anyone the best chance in world history at accomplishing the things they dream about. At this year's meeting, Buffett fielded a question about what he'd do if he had one more day with right-hand man Munger.
Persons: Warren Buffett, Berkshire Hathaway, It's, you've, it's, Buffett, he's, Charlie Munger, Charlie, Munger Organizations: Berkshire Hathaway, Oracle Locations: Omaha , Nebraska, Omaha, Nebraska, Berkshire, America
Every summer, my parents used to physically drag my little sister and me on long bike rides. Still, my dad once gave me a one-man standing ovation at a figure skating competition, even though I didn't land any jumps. When I go home for Christmas ever year, my family and I take walks, often back on the White Pine Trail. –Kamaron McNair, money reporterFrom my dad: "Don't get tattooed. –Ashley Turner, senior social media editorMy dad apparently used to sing this Hafez verse to my sisters and me.
Persons: Julia, Sauer, Megan Sauer, I'd, we've, – Kamaron McNair, Max, – Ashley Turner, Ataeiazar, he's, – Renée, Marisa Forziati Organizations: Disney, CNBC Locations: New York
CNN —As she adjusts to life in the WNBA, rookie phenom Caitlin Clark is also having to navigate becoming a lightning rod for societal discourse. “It’s disappointing,” replied Clark ahead of the Indiana Fever’s home game against the Atlanta Dream. Her rivalry with fellow star Angel Reese, for example, has triggered discourse about race in the US. Clark has had a mixed start to her WNBA career so far, showing flashes of her brilliance but struggling initially with the physicality of the professional game. “Nobody’s apathetic about the WNBA because we’ve brought in so many new fans into what we call the fan funnel this year.”
Persons: Caitlin Clark, Clark, she’d, “ It’s, , , Steph Chambers, Angel Reese, Reese, I’ll, ” Reese, , ” Clark, don’t, DiJonai Carrington, ” Carrington, reignite, Cathy Engelbert, haven’t, ’ ’, Engelbert of Clark, “ We’re, Caitlin, Engelbert, Cameron Brink, we’ve Organizations: CNN, WNBA, Indiana Fever, Indiana Fever’s, Atlanta, Seattle Storm, NCAA, Sun, Twitter, Indiana, Chicago Sky, USA, Wednesday Locations: USA
Chris Nardone, a top-ranked analyst at Bank of America, shares his top stock picks. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen Chris Nardone started working at Bank of America out of college in 2013, he wasn't even in the firm's equity research department. Working initially as a risk analyst, he knew he wanted to shift gears and eventually stepped into a research analyst role after listening in on the team's daily calls.
Persons: Chris Nardone, Nardone, Ralph Lauren, Organizations: Bank of America, Service, Business Locations: Asia
I've spent 30 years researching what makes people, and especially leaders, mentally strong. If you say these six phrases to yourself or others on a regular basis, you're mentally stronger than most:It's all too easy to feel the opposite. Mentally strong people remind themselves of this to bolster their confidence muscle. It's a cornerstone of being mentally strong. Mentally strong people focus on what they still have in the face of adversity, and what possibilities now present themselves.
Persons: I've, we've, It's
A shortage of 2.2 million homes suggest the US housing market will remain unaffordable. The research firm said a shortage of 2.2 million homes is compounding the US housing market's affordability issues. Related stories"Since 2015, we have been warning about a chronic housing shortage, leading to a supply/demand imbalance. Rising development prices across the board suggest to NDR that housing supply will remain constrained for years to come. "The wave of immigrants has not seemed to impact the supply/demand balance for workers, a traditional area for Latino immigrants," NDR said.
Persons: , Ned Davis, Joseph Kalish, Veneta Dimitrova, Powell Organizations: Service, Ned Davis Research, NDR, Federal Reserve
Latinas face the steepest climb up the corporate ladder despite being as ambitious as their white peers, according to new research from Lean In. Latinas lag behind nearly all other major demographic groups in the executive ranks — white men and white women, Black men and women, even Latino men — comprising a mere 1% of C-suite executives at U.S. companies. A "broken rung" at the first critical step up to manager is still holding Latinas back from climbing the corporate ladder — for every 100 men promoted to manager, only 74 Latinas are promoted, Lean In reports. Latinas are less likely than white women and women overall to have their work highlighted to a leader or to have benefited from a sponsor action like being recommended for a promotion. Nearly half (44%) of Latinas say career growth has become more important to them in the last two years, compared with 32% of white women, Lean In reports.
Persons: Latinas, Rachel Thomas, Lean In's, Anna Dapelo, Garcia, she's, Lean Organizations: Lean, U.S, CNBC, Stanford Health Care, Latina Locations: America, U.S
Richard Brown converted a tiny, triangular car-repair shop into a home for himself and his fiancée. But Brown said it's the perfect size and is now set up to be their dream work-from-home space. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Case in point: a triangle-shaped former car-repair shop in London that architect Richard Brown and his fiancée bought for over £200,000, or around $250,000. They then converted the 430-square-foot space into a livable home via a $127,000 renovation, creative thinking, and a lot of elbow grease.
Persons: Richard Brown, Brown, Organizations: Service, Business Locations: London
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