The generation born 1946–1964 shaping today’s aging economy
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 market has a mix of resilience and weakness. Job openings remain elevated in some sectors while hiring slows overall, with unemployment near 4.1% to 4.2% and labor-force participation at historic lows for this cycle. New data suggest a stubborn, low-hire economy as rates stay high and uncertainty persists.
A wave of 2026 surveys shows Gen Z in the United States delaying major life milestones due to high costs in housing and education. Many rely on family support or deplete retirement savings, while rising student debt and mortgage costs reshape plans for homeownership, marriage, and parenthood.
Bloomberg reports Fitch Ratings finds not-for-profit hospitals and health systems have broad optimism about resilience, but tone has shifted to caution. The recovery appears near a transition point as operating conditions evolve.
A new Empower analysis shows Americans’ net worth rises with age, reaching into the trillions for Silent and Baby Boomer generations. Younger generations trail, though 401(k) saving and IRA contributions are increasing. The shift signals a historic intergenerational wealth transfer that funds consumption and retirement across decades.