Kids leaving home doesn’t always lead to parents saving more

CHICAGO (AP) — Raising kids costs a lot of money, so when they finally strike out on their own it stands to reason that parents would have more money to spend, save or invest. How they spend that money can have large consequences for their retirement security. A report by…

Women more likely than men to face poverty during retirement

CHICAGO (AP) — During their working years, women tend to earn less than men, and when they retire, they’re more likely to live in poverty. These are women who raised children and cared for sick and elderly family members, often taking what savings and income they do have and spending…

Many opt to take Social Security before full retirement age

CHICAGO (AP) — Taking Social Security benefits early comes with a price, yet more than 4 in 10 Americans who are 50 and over say they’ll dip into the program before reaching full retirement age. An Associated Press-NORC Center for Public Affairs Research poll released Thursday found that 44 percent…

Poll: Age, income factors in staying with single employer

CHICAGO (AP) — A new poll says more than 40 percent of America’s baby boomers stayed with their employer for more than 20 years. But it’s unlikely that their children or grandchildren will experience the same job tenure. The survey of more than 1,000 Americans 50 and older by the…

For some, leaving workforce continues years after retiring

BOULDER, Colo. (AP) — The transition from employment to retirement used to be marked by a date on a calendar, along with some sheet cake, and a maybe a gold watch. Those days are long gone for most workers in the United States. Today, the journey toward complete withdrawal from…

For some, desire to work past 65 can often be problematic

YPSILANTI, Mich. (AP) — Earl Johnston was 12 when he got his first job, a paper route that he quickly expanded by “buying out” additional routes from other, less industrious boys. After high school, he enrolled in a program to become an industrial electrician. “With that journeyman’s card in my…

Older workers seeking options for reducing hours on the job

Roberton Williams’ plan was to retire on his government pension and take a part-time job to make up the difference in salary. It didn’t quite work out that way. Williams, 68, did retire but then started another full-time job with the Tax Policy Center, a Washington think tank. “The plan…

Poll: Older Americans nix Social Security changes

CHICAGO (AP) – Raise the age at which you can begin collecting full Social Security benefits? Older Americans say no. They also veto reductions in the cost-of-living increase. But a poll finds support among those 50 and older for raising the cap on earnings that are taxed to fund the…

Not happy with work? Wait until you’re 50 or older

ANAHEIM, Calif. (AP) — Not happy with your job? Just wait. A study by The Associated Press-NORC Center for Public Affairs Research finds that 9 in 10 workers who are age 50 or older say they are very or somewhat satisfied with their job. Older workers reported satisfaction regardless of…

For jobless over 50, a challenging search for work

ROCKFORD, Ill. (AP) — When Charlie Worboys lost his job, he feared searching for a new one at his age might be tough. Six years later, at 65, he’s still looking. Luanne Lynch, 57, was laid off three times in the past decade and previous layoffs brought jobs with a…