The demographic cohort born 1946–1964, shaping markets and politics across generations.
A Social Market Foundation proposal offers under-40s early access to pension funds in exchange for postponing the state pension by a year. The plan, aiming to reduce debt and boost home ownership, is drawing broad support across parties and ages, but critics warn of long-term pension consequences and cost to the exchequer.
A CNBC-led review shows women continue to earn less, provide more caregiving, and save differently, widening retirement gaps. While Social Security decisions and new accounts nudge savings, experts warn the gap remains and growth in annuity options is gradual.
The government has released June employment data showing payrolls rising by 57,000, far below forecasts, while the unemployment rate edges down to 4.2%. The labor force participation rate has fallen, highlighting a shift in the job market as fewer people are seeking work. Revisions to May and April data point to a softer hiring pace than previously thought.
The Social Security retirement fund is projected to exhaust its reserves by 2032. A bipartisan push seeks solutions to extend solvency, with proposals including PROMISE and Social Security 2100 Act. COLA trends show adjustments for 2027 and beyond amid inflation.
A wave of new surveys shows Americans face higher retirement costs and uncertainty about Social Security solvency. People are saving less than they think they’ll need, inflation and healthcare costs are rising, and many expect to work longer or rely on savings strategies to bridge the gap.
The Labor Department has reported a rebound in job creation in 2026 after a weak 2025, with July hiring likely higher than June. Unemployment remains low at around 4.2%, while quits rise and vacancies ease, reflecting a sturdy yet uneven labor market amid policy and demographic shifts.
Gen Z faces mounting financial pressure as housing, education costs, and variable incomes shape decisions. A Northwestern Mutual survey highlights delayed milestones, with young adults prioritising long-term savings amid high mortgage rates and rising tuition.
Mitch McConnell has been discharged from a rehabilitation facility and will maintain an intensive physical-therapy regimen from home while staying engaged with Senate business. He has not been seen in public since mid-June after a fall, and questions about his fitness for office continue as Republicans navigate a narrow majority.