Free Republic

If you're aiming to retire at the standard age of 65, buckle up because you're going to want to hear this one. According to a simulated model that factors in things like changes in health, nursing home costs, and demographics, about 45% of Americans who leave the workforce at 65 are likely to run out of money during retirement. The model, run by Morningstar's Center for Retirement and Policy Studies, showed that the risk is higher for single women, who had a 55% chance of running out of money versus 40% for single men and 41% for couples. The group...

The COVID-19 outbreak has spurred not just a health crisis, but also an economic one. With millions of Americans now out of work and countless small businesses shut down, a large number of U.S. adults are already scrambling to pay their bills.While emergency savings can be a lifeline in situations like the one we're facing, 50% of Americans expect that their savings will run out by the end of April, according to a new survey by real estate service Clever. And given that the crisis is showing no signs of letting up in the near future, that's extremely troubling.Americans are feeling the crunch Unemployment...

SACRAMENTO California will run out of even makeshift prison beds in less than a year unless the state takes action, the state's corrections chief said Thursday, warning also of an increased danger of riots. California's record-high population of 172,000 inmates is spilling into gymnasiums and day rooms, Acting Corrections Secretary James Tilton told lawmakers at a hearing. The state's adult prisons are designed only to hold about 100,000 and the last 3,000 of an estimated 16,000 makeshift bed spaces will be used up in months, Tilton said, leaving the state in a crisis situation. "I will be out of beds...