Many young Americans say they don’t expect to get Social Security when they retire, but it’s the older workers of today who may see the first cuts to their benefits. The Congressional Budget Office released an updated budget outlook on Wednesday, originally published in July, to reflect the impact the …
Read More »: Millennials to redistribute wealth from older generations to the young in new ‘age of disorder,’ warns Deutsche strategist
It probably won’t take a great deal of persuasion to convince investors that there’s an “age of disorder.” That’s the title of a new Deutsche Bank research note, which says the world is entering its sixth distinct era of modern times. So say goodbye to the “era of globalization” and …
Read More »4 million older workers will be pushed out of the workforce by October
Older workers are disproportionately impacted with job losses during the current pandemic, especially because not all will be able to return to the workforce. 80% of older Americans can’t afford to retire – COVID-19 isn’t helping Just prior to the crisis, 34 million workers ages 55 to 70 years old …
Read More »The Ratings Game: Amazon is making gains with older consumers as more people turn to e-commerce during COVID-19
Amazon.com Inc. has become the go-to shopping site for many consumers during the COVID-19, including an increasing number of older customers, according to SunTrust Robinson Humphrey analysts. Amazon AMZN, -1.66% reported earnings late Thursday that nearly doubled year-over-year to $ 10.30 per share, with sales up 40% to $ 88.9 …
Read More »The Margin: Kids under age 5 may carry a much higher coronavirus viral load than older children and adults: study
A small study is raising questions about whether young children could be coronavirus super spreaders, even as the country deliberates how to reopen schools in the coming weeks. One of the few silver linings of the COVID-19 pandemic so far has been that the novel coronavirus that has infected more …
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