68% of Retirees May Be in for a Huge Social Security Shock
Business

A Huge Social Security Shock for Retirees

In coming years, Social Security will owe more in benefits than it collects in revenue for one simple reason: Baby boomers are leaving the workforce faster than new workers are entering it. At that point, it's estimated that Social Security will only collect enough revenue to pay 79% of scheduled benefits, which means current and future recipients are looking at a 21% cut.

social revenue shock

Sun May 10 - Fool

Related Articles

Coca-Cola halts social media advertising campaign
Business
Coca-Cola halts social media advertising campaign

“There is no place for racism in the world and there is no place for racism on social media,” Coca-Cola CEO and Chairman, James Quincey, said in a statement as the company announced that it will be pausing advertising on all social media platforms globally. The company clarified it was not joining the official boycott, but said “we are pausing” advertising

media cocacola social advertising

Sat Jun 27 - CNBC
Target to limit number of shoppers in stores, as a new safety measure
Business
Target to limit number of shoppers in stores

The Minneapolis-based retailer said in a news release that beginning Saturday, April 4, it "will actively monitor and, when needed, meter guest traffic in its nearly 1,900 stores nationwide to promote social distancing." The retailer also announced Thursday it will soon provide staff in stores and distribution centers with disposable face masks and gloves at the beginning of every shift, which employees will be encouraged to wear while working.

social limit today

Thu Apr 02 - Google
Delta CEO says air travel growing in popularity, expects substantial profit growth next year. Image via Vox Media.
Business
Substantial profit growth predicted for Delta Air Lines in 2020, despite climate concerns from investors

American airline Delta's chief executive Ed Bastian released a statement announcing substantial profit growth expectations for the airline in 2020, with share prices increasing from 6.75 to 7.75 USD. He ascribes the growth to the growing popularity of air travel despite rising climate change concerns from investors and anti-air travel protests in European countries.

climate-change investors growth profit flight airline delta air-travel ed-bastian revenue share-price

Thu Dec 12 - Reuters