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Nearly half of baby boomers have no retirement savings

Published Wed, 26 Feb 2025 01:28:46 GMT

(The Hill) - More than two-fifths of baby boomers are nearing retirement with no retirement savings. That fact may surprise you, if you are a typical white-collar worker, dwelling in a corporate culture of near-universal retirement coverage, encouraged to save a half-million dollars or more before taking the gold watch. But many Americans work for smaller companies that don’t offer retirement savings, or are self-employed, or live paycheck to paycheck.  “You think everyone works for a Fortune 500 company, and everybody has a pension plan, but that’s not the reality,” said Craig Martin, managing director of wealth and lending intelligence at J.D. Power.  Fewer than half of working-age Americans have any retirement savings, according to Census data for 2020. Savings rates rise with age, but only to a point. In the 55- to –64-year-old boomer age group, 58 percent of Americans own retirement accounts.  And that is a problem. A newly minted retiree of 6...

Once-cool Facebook may have 3 billion users, but many of them are old

Published Wed, 26 Feb 2025 01:28:46 GMT

Facebook says it is not dead. Facebook also wants you to know that it is not just for “old people,” as young people have been saying for years.Now, with the biggest thorn in its side — TikTok — facing heightened government scrutiny amid growing tensions between the U.S. and China, Facebook could, perhaps, position itself as a viable, domestic-bred alternative.There's just one problem: young adults like Devin Walsh have moved on.“I don’t even remember the last time I logged in. It must have been years ago,” said Walsh, 24, who lives in Manhattan and works in public relations.Instead, she checks Instagram, which is also owned by Facebook parent company Meta, about five or six times a day. Then there's TikTok, of course, where she spends about an hour each day scrolling, letting the algorithm find things “I didn't even know I was interested in.”Walsh can't imagine a world in which Facebook, which she joined when she was in 6th grade, becomes a regular part of her life again."It's the b...

Abbott to give update on border security Monday

Published Wed, 26 Feb 2025 01:28:46 GMT

AUSTIN (KXAN) -- Gov. Greg Abbott is set to speak in Austin Monday morning about border security.The governor will hold a press conference at the Austin-Bergstrom International Airport to "provide an update on Texas' unprecedented efforts to respond to President Joe Biden's ongoing border crisis," a press release from his office stated. Abbott will be joined by Texas Department of Public Safety Director Steve McCraw, Adjutant General of the Texas Military Department Major General Thomas Suelzer, Texas Border Czar Mike Banks, and other state officials. The press conference is scheduled to begin at 7 a.m. and will be streamed in the live player at the top of this story. The conference comes as state leaders are bracing for a potential influx of migrants when Title 42 restrictions expire later this week. RELATED: State of Texas: Bracing for the end of Title 42 Title 42 allows Border Patrol agents to expel migrants seeking asylum. It’s a public health policy with roots in preven...

Moving company says more people are relocating to Houston, Dallas than Austin

Published Wed, 26 Feb 2025 01:28:46 GMT

AUSTIN (KXAN) — The Austin area remains one of the fastest growing regions in the state, but more people are moving to Houston, Dallas and San Antonio, at least according to one moving company. New population estimates show which areas of Texas grew the most in 2022 Penske, the truck rental company, released its 'Top 10 Moving Destinations' rankings for 2022. The company has released a top 10 list for the past 13 years by looking at which cities receive the most inbound one-way truck rentals.Houston topped the list for the second year in a row, ahead of Las Vegas which remains in second place.Dallas and San Antonio both ranked in the top 10, in the seventh and ninth spots respectively. Austin ranks tenth.The U.S. Census Bureau has not yet released city population estimates for 2022, but county estimates were revealed in late March. They showed Harris County, home to Houston, added more residents in 2022 than any other county in Texas, with more than 45,000.Bexar County, home to Sa...

Bethlehem man arrested in child pornography investigation

Published Wed, 26 Feb 2025 01:28:46 GMT

BETHLEHEM, N.Y. (NEWS10) -- A Bethlehem man was arrested on Thursday following a child pornography investigation, according to New York State Police. Jason Sammon, 39, faces multiple charges. Get the latest, news, weather, sports and community events delivered right to your inbox! Police say they received a cyber tip regarding Sammon from the National Center for Missing and Exploited Children. Following an investigation and execution of a search warrant at his home in Albany, Sammon was arrested and is accused of promoting and possessing images consistent with child sexual exploitation. Charges:Promoting a sexual performance of a childPossessing of a sexual performance by a child 5 things to know this Monday, May 8 Sammon was arrested and processed at Latham State Police. He was arraigned at the Bethlehem Town Court and remanded to the Albany County Correctional Facility in lieu of $5,000 cash, $15,000 bond, or a $20,000 partially secured bond.

5 things to know this Monday, May 8

Published Wed, 26 Feb 2025 01:28:46 GMT

ALBANY, N.Y. (NEWS10) -- It's the last Monday of the week, you can do this. According to Meteorologist Jill Szwed, the tide is turning weather-wise. Skies are cleared after the rain quickly wrapped up before sunrise. Get the latest, news, weather, sports and community events delivered right to your inbox! A new trooper barracks proposed for Dunning Street in Malta has caused a stir among local residents. Meanwhile, students rallied for Kyra's Law to help spread awareness for child safety. These stories, and more, are covered in your five things to know this Monday. 1. Luther Forest residents against proposed police barracksA new trooper barracks has been proposed on Dunning Street in Malta to replace their current location on Route 9. But some residents of Luther Forest say they are outraged over the plans’ impact on the neighborhood.2. Students rally for Kyra’s Law to share child safety awarenessOn Sunday, students, elected officials, and other community members wanted to honor...

Scattered thunderstorms Monday, temperature highs in mid 80s

Published Wed, 26 Feb 2025 01:28:46 GMT

St. Louis weather from Meteorologist Angela Hutti:ST. LOUIS - Monday morning, storms are ongoing east of the Mississippi River, with spots of rain back west into metro St. Louis. The heaviest rain now is along the Kaskaskia River, but the NWS has issued an urban and small stream flood advisory for parts of Montgomery and Fayette Counties, northeast of St. Louis, where 1 to 3 inches of rain has fallen overnight.  A line of storms is also ongoing in central and northeast Missouri. Scattered thunderstorms will move east and southeast Monday morning, bringing the threat for hail and some strong winds. Storms are expected to not be as intense the farther southeast they get.   St. Louis radar: See a map of current weather here Another round of strong thunderstorms is possible Monday afternoon. Their strength and location will depend on how much the morning storms work over our atmosphere. The best chance for additional storms will be south of I-70. Afternoon storms could once again pro...

Three people injured in separate shootings Sunday

Published Wed, 26 Feb 2025 01:28:46 GMT

ST. LOUIS -  Three people were injured in three separate shootings over the weekend.Someone shot a man just before 5:00 p.m. Sunday on Carter Avenue at North Taylor Avenue in the Penrose neighborhood of north St. Louis. He was shot several times and was taken to a nearby hospital in unstable condition. Top Story: Quadruple shooting leaves 2 dead in Hyde Park Also, a man was shot in the leg early Sunday on Washington Avenue in downtown St. Louis. Finally, another man was shot at around 7:00 p.m. on Delmar Boulevard and Hamilton Avenue in the Delmar Loop.

‘Ten Thousand Things’ podcast finds stories in objects owned by Asian Americans

Published Wed, 26 Feb 2025 01:28:46 GMT

A blue suit, a record collection, a well-worn Chinese/English dictionary, and something less tangible but just as precious — one’s name.Poet Shin Yu Pai is the host and creator of “Ten Thousand Things,” a National Public Radio podcast that examines everyday things that touch people’s lives and “the uncommon people that transforms them into something remarkable.”“We consider our emotional kinship with everyday objects to reflect together on what we own, what we inherit and what we cherish,” she said. “From everyday objects owned by Asian Americans, we can learn personal and cultural values and tell stories that are deeply humanizing. We’re connected.”Pai (her full name is pronounced Shin Yee Pie) first titled the podcast “The Blue Suit,” a nod to the suit worn by Congressman Andy Kim on Jan. 6, when he was photographed collecting trash following the United States Capitol insurrection. The suit has since become part of the Smithsonian’s collection, a found object to add to Asian Ameri...

Ambulance stolen while firefighters battled fatal California blaze

Published Wed, 26 Feb 2025 01:28:46 GMT

A 31-year-old Los Angeles man was arrested in Long Beach this week on suspicion of stealing a Fire Department ambulance, after crashing it into a telephone pole, while firefighters were extinguishing a blaze that killed two people and injured one in an abandoned commercial building, authorities said.Jose Armando Lara ran from the ambulance following the crash but was later found nearby by officers and arrested, Long Beach police spokesman Richard Mejia said.The ambulance was stolen from the 1700 block of Long Beach Boulevard, Mejia said. That is where firefighters had arrived, just before 9 p.m. Thursday, May 4, to fight the blaze.Related Articles One person dead after fatal crash in Livermore on Saturday night ‘Ghost guns’, assault weapons among those purchased at San Mateo County gun buyback Pamela Price wants to reshape Alameda County’s justice system. So far, it’s been messy. Fentanyl crisis: Should California...