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☆ Red Lobster bought a lot of shrimp from its Thai owner. Now, the new CEO is investigating.
▼ + stars: | 2024-05-21 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Red Lobster filed for Chapter 11 bankruptcy after suffering significant financial losses. CEO Jonathan Tibus questioned the company's purchasing processes, including from owner Thai Union. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But the company's CEO faulted owner and key seafood supplier Thai Union for its role in the shrimp debacle — and in Red Lobster's trajectory — in a filing on Sunday. Jonathan Tibus, a turnaround expert who took the CEO job in March, wrote that Red Lobster had long bought much of its shrimp from owner Thai Union.

Persons: Jonathan Tibus, — Organizations: Thai Union, Service, Business

☆ Flash floods due to unusually heavy seasonal rains kill at least 68 people in Afghanistan
▼ + stars: | 2024-05-18 | by ( ) www.cnbc.com time to read: +2 min

Remainings of houses damaged by the flood are pictured in Firozkoh the capital city of Ghor Province, Afghanistan, May 18, 2024. REUTERS/StringerFlash floods from heavy seasonal rains have killed at least 68 people in Afghanistan, Taliban officials said Saturday, adding the death toll was based on preliminary reports. Afghanistan has been witnessing unusually heavy seasonal rains. In the hard-hit western province of Ghor, 50 people were reported dead, said Abdul Wahid Hamas, spokesman for the provincial governor. The U.N. food agency posted on social media platform X, saying Ghor was the most affected by the floods where 2500 families were impacted.

Persons: Abdul Wahid Hamas, Feroz Koh, Esmatullah Moradi, Ghor Organizations: REUTERS, Stringer, WFP, World Food Organization Locations: Ghor Province, Afghanistan, Ghor, Farayab, Baghlan, Farah, Herat, Zabul, Kandahar

☆ The class of 2024 is facing a tough job market. Here’s who’s hiring, according to LinkedIn
▼ + stars: | 2024-05-17 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

The class of 2024 is facing a tough job market. Hiring has slowed across the U.S., and entry-level jobs are getting more competitive in the wake of white-collar layoffs. Tai Walker, a senior at William Paterson University in Wayne, New Jersey, started her job search in March 2024 and has submitted over 100 applications. Walker says she's researching artificial intelligence and other tech boot camps to broaden her skill set and increase her job prospects. Even though some entry-level jobs have gotten harder to land, industries experiencing staffing shortages like education and construction are still hiring new college grads.

Persons: Tai Walker, Walker, who's, She's, Harry Holzer, Kory Kantenga, Kantenga, —, you've Organizations: William Paterson University, CNBC, Georgetown University, Labor Department, Employers, National Association of Colleges, LinkedIn, Education, Financial, Investment, Tech, Health, Kantenga Locations: U.S, Wayne , New Jersey, Americas

☆ Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years
▼ + stars: | 2024-05-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Cisco reported earnings and revenue for the fiscal third quarter that topped Wall Street's estimates, even with sales dropping from a year earlier. Net income fell 41% to $1.89 billion, or 46 cents per share, from $3.21 billion, or 78 cents per share, a year earlier. The deal lowered Cisco's adjusted earnings per share by a penny but provided $413 million in additional revenue. Cisco bumped up its fiscal 2024 revenue guidance to a range of $53.6 billion to $53.8 billion, from $51.5 billion to $52.5 billion in February. WATCH: Cisco CEO Chuck Robbins: $28 billion Splunk deal will be a significant financial growth driver

Persons: Chuck Robbins, Robbins, LSEG, Gary Steele, Jeff Sharritts Organizations: Cisco, Bloomberg, Economic, Networking Locations: Davos, Switzerland, U.S

☆ Flash floods in Afghanistan kill at least 200 people as humanitarian emergency looms
▼ + stars: | 2024-05-11 | by ( Niamh Kennedy | Radina Gigova | ) edition.cnn.com time to read: +3 min

CNN —Flash flooding that has ravaged northern Afghanistan in recent days has killed at least 200 people, UN agency the International Organization for Migration (IOM) told CNN Saturday. An Afghan man walks near his damaged home after heavy flooding in Baghlan province Saturday. Afghan men shovel mud from a house following flash floods. The flash floods add to a string of recent natural disasters that the region has had to endure. Flash floods also swept away dozens in Afghanistan in July, less than three months before thousands were killed by a powerful 6.3 magnitude earthquake that struck the western part of the country.

Persons: ”, Salma Ben Aissa, Mehrab, Gulbudeen, Zabihullah Mujahid, “, ” Mujahid, Mujahid Organizations: CNN, UN, International Organization for Migration, IOM, Afghanistan National Disaster Management Authority, Rescue, Reuters, AFP, Getty Locations: Afghanistan, Badakhshan, Ghor, Herat, “, Afghan, Baghlan, Laqayi, AFP, Pakistan

☆ When my husband was laid off, we tried to reassure our kids everything would be OK. Meanwhile, I wasn't so sure.
▼ + stars: | 2024-05-05 | by ( Liz Alterman | ) www.businessinsider.com time to read: +7 min

Unintentionally, they sat on the living room couch in order of age from left to right: Sam, Ben, Charlie. Sam and Charlie both had chocolatey brown hair like Rich and chestnut eyes while Ben was all vanilla with blond hair and light blue eyes. Our kids had a hard time understanding what had happened"So, wait, wait, Dad was fired?" "I just mean the group I was part of decided that they don't need as many people anymore," Rich said. Sam and Ben dashed to the kitchen with Charlie on their heels, ever the little brother.

Persons: —, Ben, Charlie, Rich, I've, Dad, Charlie giggled, Sam, he'd, I'd, who'd, they'd, He'd, dibs, Liz Alterman Organizations: Service, Business, Sad, Vine Leaves Press

☆ The US could give homeowners a $980 billion stimulus at no additional cost, 'Oracle of Wall Street' says
▼ + stars: | 2024-05-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That's if Freddie Mac secures approval from its regulator to operate in the market for secondary mortgages, also commonly known as home equity loans. If greenlighted, the scheme would be equivalent to a huge stimulus injection, but without a cent added to the national deficit, the "Oracle of Wall Street" explained. As Freddie Mac is a massive provider of mortgage market liquidity, the move could encourage more banks to extend this financing to customers. The proposal noted that options are limited for homeowners who want to tap their equity, meaning that few are benefiting from the housing market's appreciation.

Persons: —, Meredith Whitney, Whitney, Freddie Mac, Freddie Mac's, Freddie, Fannie Mae, Ginnie Mae Organizations: Service, Business

☆ India's markets regulator puts seven Adani companies on notice for violations
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: +1 min

Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaking at the World Congress of Accountants in Mumbai on November 19, 2022. India's markets regulator has sent notices of regulatory violations to seven companies of the Adani conglomerate, including its flagship Adani Enterprises, the group said in stock exchange filings. The regulator began probing the Adani group, led by billionaire Gautam Adani, after Hindenburg Research in January 2023 alleged improper use of tax havens and stock manipulation by the group, accusations the group has denied. Adani Green Energy, Adani Power, Adani Total Gas, Adani Energy Solutions, Adani Wilmar, and Adani Ports have also received notices from SEBI in the first quarter, the companies said in separate filings to the exchanges this week. Typically such violations attract monetary penalties or management can be barred from capital markets for a certain period.

Persons: Gautam Adani, Wilmar Organizations: Adani, World, Accountants, Adani Enterprises, Hindenburg Research, Securities and Exchange Board of India, Energy, Adani Energy Solutions Locations: Mumbai, SEBI

☆ How to make your home hurricane resistant, as scientists predict an 'extremely active' storm season
▼ + stars: | 2024-05-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +11 min

In this article Follow your favorite stocks CREATE FREE ACCOUNTRyersonclark | E+ | Getty ImagesMaking your home hurricane resistant can be a significant financial undertaking. In 2024, the national average cost to upgrade an entire house with hurricane windows runs between $1,128 and $10,293, or $100 and $500 per window, including installation, according to This Old House. Hurricane resistance is about preventing 'pressurization'Hurricanes are different and unpredictable storms, said Jeff Ostrowski, a housing analyst at Bankrate. If installing new hurricane windows aren't in the budget, shutters are lower-cost options to protect windows and other openings, said Chapman-Henderson. Talk to your insurer about possible discounts Strengthening your home against disasters may help lower your insurance cost.

Persons: Phil Klotzbach, Jeff Ostrowski, Leslie Chapman, Henderson, Jennifer Languell, Chapman, Kin, Melissa Cohn, William Raveis, Bankrate's Ostrowski, Ostrowski, Loretta Worters, Worters, Languell Organizations: Massachusetts Institute of Technology, Hurricanes, National Oceanic, Fluid Dynamics, Climate, Energy Solutions, Swiss, Finance, Colorado State University, Department of Atmospheric, Federal Alliance, Safe, Safe Homes, Department of Energy, Trifecta, William Raveis Mortgage, Insurance, Institute, Homeowners Locations: windstorms, U.S, Florida, In Florida, Alabama, Louisiana, dsireusa.org

☆ 39-year-old who makes $9,300/mo in passive income: My No. 1 piece of side hustle money advice
▼ + stars: | 2024-05-01 | by ( Jannese Torres | ) www.cnbc.com time to read: +6 min

Today, at 39, I have seven income streams, including affiliate marketing, blog and podcast ads, speaking engagements, digital courses, AirBnB rental income and brand partnerships. I used to use basic spreadsheets to reconcile my side hustle income and expenses, and I usually only did this at year's end, so I had little idea what was happening throughout the year. Setting up your business finances involves several important steps to ensure that you can effectively manage your income, expenses and overall financial health. Cash accounting records transactions when money actually changes hands, while accrual accounting records them when they occur, regardless of when payment is received. Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

Persons: Dinero, Jannese Torres Organizations: CNBC Locations: Puerto Rican

☆ 4 people who relocated and regretted it share the biggest mistake they made and what they learned
▼ + stars: | 2024-04-26 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

Another said they regretted underestimating the importance of living near their friends and family. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Business Insider spoke with four people who shared their biggest regret and what they learned from it. After two years in Colorado, Michiels and his family moved again — this time to Spain in 2023. The couple loved living in Denver and decided to buy their first house there after a year, but they were priced out of the city.

Persons: —, Amanda Loudin, Loudin, she'd, Wendy Wang, Wang, Eric Michiels, Michiels, he'd, Jackie Branholm, Branholm Organizations: Service, Denver Locations: Maryland, Boulder , Colorado, Boulder, Pennsylvania, Silicon Valley , California, California, Silicon Valley, Atlanta, Denver, Colorado, Spain, New York City, New York

☆ Malaysia might add a casino to boost troubled $100 billion mega-development Forest City
▼ + stars: | 2024-04-25 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Malaysia may add a casino to Forest City, a mega-development that has turned into a ghost town. AdvertisementMalaysia's Forest City mega-development started with big ambitions and big money. Now, Malaysia is in talks with several high-profile investors to add a casino to Forest City, people familiar with the matter told Bloomberg on Wednesday. AdvertisementThe southeast nation's Prime Minister Anwar Ibrahim met with the heads of a Malaysian property development firm and a resort company at Forest City last week. Expensive, empty apartmentsA casino — which would only be the second in Malaysia — could help struggling Forest City.

Persons: —, Anwar Ibrahim, Ibrahim Iskandar, King Ibrahim, Anwar, They're, Al Marjan Organizations: Service, City, Bloomberg, nation's, Forest City, Garden, Genting Group, Berjaya Corp, Business, United, United Arab Emirates, Las Vegas, downstate Locations: Malaysia, Forest City, Singapore, Malaysia's, Malaysian, Forest, Genting, Marielle, Johor, United Arab, Al, York City, York

☆ Trump Media has gotten Congress involved in its crusade against short sellers
▼ + stars: | 2024-04-24 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Trump Media CEO Devin Nunes wrote a letter to lawmakers asking them to look into "unlawful manipulation" of the firm's stock. Citadel Securities last week called Nunes a "loser" for blaming shorts for the stock's decline. NEW LOOK 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 . AdvertisementTrump Media stock has been on a roller coaster ride since its IPO at the end of last month, hitting $35.05 a share Wednesday, up almost 8% after a 54% drop from its peak.

Persons: Devin Nunes, Nunes, there's, —, Donald Trump Organizations: Trump Media, Citadel Securities, Service, Social, —, Securities, VIRTU, Jane, Capital, Nasdaq, Trump Locations: VIRTU Americas

Rep. Devin Nunes, R-Calif., ranking member of the House Intelligence Committee, speaks during an impeachment inquiry hearing in Washington, Nov. 13, 2019. Trump Media CEO Devin Nunes on Tuesday urged House Republican committee leaders to investigate possible "unlawful manipulation" of the company's stock. Trump Media, which began trading on the Nasdaq on March 26 after completing a lengthy public merger, was far and away the most expensive U.S. stock to short as of early April. The letter comes as the stock price of Trump Media, which created the social media app Truth Social and is majority-owned by former President Donald Trump, continues to trend down in volatile trading sessions. The stock dropped nearly 5% early Wednesday but turned positive before noon, trading around $33 per share.

Persons: Devin Nunes, Nunes, Patrick McHenry, Jim Jordan, Jason Smith, James Comer, Donald Trump, DJT Organizations: House Intelligence, Trump Media, Republican, GOP, Nasdaq, Financial Locations: Washington, R, Ohio, Spokespeople

☆ Election Updates: Biden to campaign in Florida, keeping the focus on abortion.
▼ + stars: | 2024-04-23 | by ( Nicholas Nehamas | Patricia Mazzei | ) www.nytimes.com time to read: +6 min

The Biden campaign has made abortion one of its top issues, as polling shows it is one of the few subjects in which voters place more trust in Mr. Biden than Mr. Trump. While the vote could motivate liberal and independent voters to come to the polls, Mr. Biden would have to invest heavily in Florida to defeat Mr. Trump, which his campaign has not yet done. “Trump did this” has become a frequent messaging slogan from the Biden campaign. The Biden campaign, she said, should not give up on the nation’s third-largest state. Although the Biden campaign has a significant financial advantage over Mr. Trump’s operation, it has not spent heavily in Florida compared with the major battlegrounds.

Persons: Biden, Donald J, Trump, Biden’s, Floridians, Donald Trump, ”, Michael Tyler, “, Roe, Wade, “ Trump, Ron DeSantis, Debbie Mucarsel, Powell, Rick Scott, Ms, Mucarsel, DeSantis, ” Mr, Tyler, “ We’ve, Lauren Brenzel, ” Alex Andrade, Mr, Andrade Organizations: Biden, Republicans, Gov, Republican, Democratic, Florida Locations: Florida, Tampa, Trump . Florida, Arizona, Florida , Arizona, Miami, “ Florida, Kentucky , Kansas, Ohio, Dade County, Hialeah Gardens, Fla

☆ How my family of 4 overhauled our lazy budget to save over $450 a month. Offering our teenagers a share in the savings was key.
▼ + stars: | 2024-04-20 | by ( Cork Gaines | ) www.businessinsider.com time to read: +2 min

Over the last two years, our family has overhauled our budget to combat inflation. Here are eight ways my family got our money situation under control. AdvertisementWith inflation still hitting bank accounts hard, our family of four — which includes two teenagers — realized it was time to start taking our household budget more seriously. Over the last two years, our family has overhauled our budget, created important financial habits, and even involved our daughters. Here are some ways we got our money situation under control.

Persons: — Organizations: Service

☆ Trump Media CEO says he’ll do ‘whatever it takes’ to defend DJT investors from short sellers
▼ + stars: | 2024-04-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Trump Media CEO Devin Nunes on Friday said he would "do whatever it takes" to defend the company's retail investors from possible illegal short selling of its shares. Delivering remarks in Scranton, Pennsylvania, on Tuesday, Biden took a dig at Donald Trump, his November Republican election opponent, as shares of Trump Media tanked from its more than $70 debut price. Trump Media's stock, trading under the ticker DJT , rallied toward the end of this week, but has plummeted starkly from its peak. It involves a trader selling shares that have not been borrowed or arranged to be borrowed. Nunes said that Trump Media has appeared on the Nasdaq's "Reg SHO threshold list," which could indicate illegal trading behavior.

Persons: Devin Nunes, Nunes, Joe Biden, Biden, Donald Trump, Trump, DJT, SHO, Ken Griffin Organizations: Truth, Conservative Political, Trump Media, Trump, Republican, Trump Media tanked, Nasdaq, Securities and Exchange, CNBC, SEC, Citadel Securities, GOP Locations: National Harbor , Maryland, Scranton , Pennsylvania, California

☆ Citadel Securities blasts Trump Media CEO Devin Nunes over DJT short selling letter
▼ + stars: | 2024-04-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Al Drago | Bloomberg | Getty ImagesCitadel Securities ripped Trump Media CEO Devin Nunes on Friday for a letter he sent the Nasdaq Stock Market which mentioned Citadel Securities and other major market companies after warning of possible illegal short sale trading in DJT shares. "Devin Nunes is the proverbial loser who tries to blame 'naked short selling' for his falling stock price," said a spokesperson for Citadel Securities. Citadel Securities' founder and non-executive chairman Ken Griffin is a major donor to Republican candidates — among them the former GOP congressman Nunes. "If he [Nunes] worked for Citadel Securities, we would fire him, as ability and integrity are at the center of everything we do," the spokesperson added. "Data made available to us indicate that just four market participants have been responsible for over 60% of the extraordinary volume of DJT shares traded: Citadel Securities, VIRTU Americas, G1 Execution Services, and Jane Street Capital," Nunes wrote.

Persons: Devin Nunes, Al Drago, Ken Griffin, Nunes, Donald Trump, Pavlo Gonchar, Adena Friedman, Friedman Organizations: Truth, Conservative Political, Bloomberg, Getty, Citadel Securities, Trump Media, Nasdaq, Securities, GOP, Republican, CNBC, Lightrocket, Trump, Trump Media & Technology Group Corp, VIRTU, Jane Street Locations: National Harbor , Maryland, VIRTU Americas

☆ Democrats build financial edge in battle for the House
▼ + stars: | 2024-04-19 | by ( David Wright | ) edition.cnn.com time to read: +4 min

Meanwhile, a pair of super PACs aligned with the House leadership of both parties also announced their most recent quarterly fundraising totals this week, showing Democrats with another advantage. House Majority PAC, the Democratic super PAC, said that, along with its affiliated organization, House Majority Forward, it had raised $37 million in the quarter for Democrats’ House effort. Adding to the pressure, House Republicans are still dealing with the fallout from leadership fights as they seek to defend their razor-thin majority. Meanwhile, a conservative dark money group, American Prosperity Alliance, launched new ads this week targeting three House Republicans who had voted to oust McCarthy, slamming their voting records. House Majority PAC, the lead Democratic super PAC, announced earlier this month plans to spend $186 million on advertising campaigns targeting a series of key battleground races.

Persons: outraising, outraised, Mike Johnson, Kevin McCarthy, Johnson, McCarthy, – Johnson, Marjorie Taylor Greene, Greene Organizations: CNN, US, Representatives, GOP, Democrats ’, Democratic Congressional, Committee, Republican, National Republican Congressional Committee, PAC, Democratic, Congressional, Fund, American Action Network, Republicans, House Republicans, Capitol, Capitol Hill . Rep, Marjorie Taylor Greene of, American Prosperity Alliance Locations: California, New York, Capitol Hill, Marjorie Taylor Greene of Georgia, Ukraine, Israel

☆ Trump Media alerts Nasdaq to potential market manipulation from 'naked' short selling of DJT stock
▼ + stars: | 2024-04-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Trump Media has warned the Nasdaq market of 'potential market manipulation' of the company's stock by "naked" short selling of shares. The warning came as Trump Media has offered shareholders detailed instructions on how to avoid someone loaning out their DJT shares to short sellers, who then execute trades betting that the price of the stock will fall. Trump Media CEO Devin Nunes, in his letter Thursday to Nasdaq CEO Adrena Friedman, did not directly accuse anyone in particular of naked short selling, which is the sale of stocks without first having borrowed such sales for that purpose. But Nunes, whose company owns the Truth Social app, pointed to circumstantial evidence, which included DJT being in early April the most expensive stock to short in the United States, which he said would give brokers "significant financial incentive to lend non-existent shares." Please check back for updates.

Persons: Devin Nunes, Adrena Friedman, Nunes, DJT Organizations: Trump Media, Nasdaq Locations: United States

☆ TikToker says she was trapped in 115-degree heat after her Tesla locked her inside during a software update
▼ + stars: | 2024-04-13 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA TikToker says she was "roasting like a freakin' chicken" after she got stuck in her Tesla on a hot day while the car completed its software update. I can't open up the doors or the windows otherwise, I could potentially damage my car," Janel continued in her viral video. AdvertisementIn a later video, Janel said she had owned her Tesla for about 6 years, but this was the first time she'd decided to update the car while she was inside. I'm literally dripping sweat; you can see it on my face," she said in a video update regarding her ordeal.

Persons: —, Tesla, Brianna Janel, Chick, Janel, she'd, I've Organizations: Service, Business Locations: Orange County

Read previewGen Zers are facing plenty of challenges as they slowly but surely rise through the ranks of school, work, and the economy. Gallup sampled 2,271 Gen Zers ages 12 through 26 at the end of November 2023. Related storiesThe places where Gen Z finds purpose — school and work — are becoming more elusive for some as the rate of "disconnected youths" rises. Just six in 10 Gen Zers responded that they always or often feel their life has direction, with feelings of significance and purpose lower among older Gen Zers. This drop was most pronounced for Gen Z employees — down six percentage points from last quarter — who increasingly feel less connected to their company's culture.

Persons: —, Gen, Gallup, Zers, Gen Zers, Gen Z, Z Organizations: Service, Gallup, Business

☆ 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.

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