Americans Archives - DR News - News, Retirement, Finance

Retirement Reimagined: Why More Americans are Working Past 65 for Health, Wealth, and Purpose

Workers in Scottsdale, Arizona are finding new ways to redefine retirement, with many choosing to work past the traditional retirement age of 61. According to recent estimates from the Pew Research Center, about 19% of adults aged 65 or older are continuing to work, reflecting a shift in attitudes towards retirement. Rather than viewing retirement as a time of leisure, many individuals see it as an opportunity to pursue their passions, whether through staying in …

Social Security: How Older Americans Are Preparing for Potential Benefit Cuts

Columbus, Ohio – Social Security is facing financial challenges that need to be addressed promptly to avoid potential benefit cuts in the near future. While these cuts are not imminent, there is a possibility that they may occur within a decade if policymakers fail to find solutions to strengthen the program’s finances. According to a recent nationwide survey of older Americans, only 41% of respondents expect Social Security to remain in its current form for …

Michigan Arab Americans Abandoning Joe Biden Over Response To Israeli Strikes In Gaza: “Abandon Biden” Movement Gains Momentum

Dearborn, Michigan – A devastating message woke Mohammad Enayah from his sleep in the middle of the night, informing him that 37 of his family members had been killed in Israeli air strikes on a Palestinian refugee camp. The news hit Enayah hard, as he later learned that 52 more family members in Gaza had also lost their lives in the strikes. The staggering death toll of 28,000 Palestinians killed so far in the conflict, …

Retirement-Age Americans Driving US Credit Rally and Record Annuity Sales, Bloomberg Reports

New York, NY – Annuity sales in the US hit a record high in 2023, driven by retirement-age Americans seeking higher interest rates to boost their premiums, according to data from the life insurance trade association LIMRA. Bloomberg reported that a total of $385 billion in annuities were sold, marking a 23% increase from the previous year and setting a new all-time record. These contracts provide customers with periodic payments from a life insurer, while …

Americans Facing Increased Federal Taxes on Social Security Benefits, Democrat Introduces Bill for Relief

St. Paul, MN – More American retirees could find themselves facing federal taxes on their Social Security benefits this year, resulting in a significant reduction in their monthly checks. The Senior Citizens League has reported an increase in the number of retirees affected by these taxes, potentially impacting their financial well-being. In response to this issue, U.S. Representative Angie Craig, a Democrat representing the second district of Minnesota, has introduced a bill aimed at eliminating …

Native Americans At Disadvantage as DEA Settles Opioid Case Among Pharma Execs

Washington, D.C. – Senate health committee Chair Bernie Sanders (I-Vt.) is set to scrutinize the executives of three major pharmaceutical companies today on the issue of prescription drug prices. The focus on healthcare policy has already begun in anticipation of a potential Republican return to the White House in 2025. One of the influential figures in this conversation is Brian Blase, former member of the Trump administration and current president of the Paragon Health Institute, …

Retirement Age Debate Heats Up as More Americans Turn 65 Than Ever

WASHINGTON – As the United States faces an unprecedented “silver tsunami,” the debate over the appropriate retirement age for various professions, including pilots, has taken center stage. By 2027, more Americans are expected to turn 65 than at any other time in history, raising questions about the ideal age to retire in a rapidly aging population. The issue has come to a head in Washington, where there is a growing dispute over whether the mandatory …

Bangkok Hotel Deaths: Six Found Dead in Suspected Poisoning Incident, Including Two Vietnamese Americans

Bangkok, Thailand – A grim discovery at the Grand Hyat hotel in downtown Bangkok has prompted a police investigation after six individuals, including two Vietnamese Americans, were found deceased in one of the guest rooms. Authorities suspect poisoning as the culprit and have ruled out robbery, noting the absence of violence or self-inflicted harm on the victims. Hotel staff made the discovery on the fifth floor when the occupants failed to check out and were …

Ecuador’s Retired Americans Stand Strong Amid Nation’s Turmoil: Stay or Go?

CUENCA, Ecuador – Over the past few years, Ecuador, known for its beautiful landscapes and as a popular retirement destination, has been grappling with a rise in violence, particularly in the city of Guayaquil. The escalation in crime, including bombings, shootings, and kidnappings, has raised concerns among both Ecuadorian residents and American retirees living in the country. While the violence has not directly impacted the city of Cuenca, a popular area for American retirees, many …

Retirement Savings for Americans Act Gains Big-Name Endorsements Amidst Concerns Over Increasing Target Savings

Denver, Colorado – The dream of retiring comfortably is becoming increasingly unattainable for many Americans, as the perceived amount needed for a comfortable retirement continues to rise. According to a recent survey by Charles Schwab, the latest target amount for retirement savings is $1.8 million, up from $1.7 million the previous year. However, only 37% of workers believe it is very likely they will reach this goal. The survey highlights the growing pressure on individual …