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I Asked ChatGPT To Predict What Retirement Will Look Like in 2050: Here’s What You Should Prepare For
Yahoo Finance· 2025-11-01 11:06
Group 1 - The U.S. population is aging rapidly, with projections indicating that by 2050, approximately 82 million Americans will be aged 65 and older, representing about 1 in 4 Americans compared to 1 in 6 today [2] - The increasing number of retirees will place additional strain on Social Security and healthcare systems, leading to potential economic stress as fewer working-age adults support a larger retired population [3] - Social Security is expected to face a significant shortfall by 2033, with the trust fund projected to be depleted, resulting in automatic benefit cuts of about 20% unless reforms are implemented [4] Group 2 - The average life expectancy in the U.S. is projected to reach around 80 years by 2050, necessitating more savings for retirement due to longer retirement periods [6] - Rising life expectancy will likely lead to increased healthcare and long-term care expenses, with a growing demand for assisted living and home healthcare services as the population aged 85 and older expands [7] - The concept of retirement may evolve, with future retirees potentially working longer or transitioning to part-time roles, combining various income sources such as Social Security, investment income, and gig work [8]
CVS raises full-year forecast, takes $5.7 billion impairment charge on health clinics
Yahoo Finance· 2025-10-29 10:33
Core Viewpoint - CVS Health has raised its annual adjusted profit forecast despite announcing a significant writedown of $5.73 billion related to its healthcare businesses, indicating a mixed financial outlook for the company [1][2]. Financial Performance - CVS reported a net loss of $3.13 per share for the third quarter [1]. - The company achieved an adjusted quarterly profit of $1.60 per share, surpassing analysts' expectations of $1.37 per share [6]. - For the full year 2025, CVS raised its adjusted profit outlook to between $6.55 and $6.65 per share, up from a previous forecast of $6.30 to $6.40 per share [6]. Business Restructuring - The $5.73 billion writedown includes a restructuring of Oak Street Health and a diminished value of Signify Health, both of which focus on Medicare services [2]. - CVS took an $83 million charge for the closure of 16 Oak Street clinics and plans to reduce the number of new primary care clinics it will open in 2026 and beyond [4]. Strategic Outlook - CEO David Joyner indicated that the company is conservatively managing risks associated with its health insurance and healthcare delivery units [3]. - The company is taking a cautious approach to healthcare trends as it anticipates elevated conditions leading into 2026 [4]. - CVS has experienced four consecutive quarters of beating earnings estimates, signaling a turnaround after previous struggles with medical costs in its insurance business [5].
Jeffries on Ending the Shutdown, NYC Mayor's Race
Bloomberg Television· 2025-10-23 16:08
It's day 23. And I'm curious sort of what has changed between day one, the start of this shutdown and today in terms of the conversation and how you're feeling about where things are. Well, as Democrats, we continue to make clear to our Republican colleagues that we will sit down with them any time, any place in order to reopen the government, to negotiate a bipartisan agreement that actually makes life better for the American people in terms of spending and funding.But we also have to decisively address th ...
Rep. Ro Khanna: The $30-$40B given to Argentina could fund the ACA tax credit extension for a year
CNBC Television· 2025-10-23 12:26
It's day 23 of the government shutdown. It's the second longest in US history. And joining us right now for the latest is Congressman Ro K Connor of California whose district is in the heart of Silicon Valley. Ro, thank you for coming in. Um, >> turn into the on camera Roana now >> because we just had a long conversation off camera. We agreed on what we probably should do, which is the way we always do it. Well, what what we should do first of all, we may not agree on this point, but why why can't we get an ...
Dr. Oz says Trump has a plan to replace Obamacare, 'wouldn't extend' Covid-era subsidies
NBC News· 2025-10-22 21:02
Well, joining me now is the administrator of the Centers for Medicare and Medicaid Services, Dr.. Medmmetz. Dr.. Oz, thank you so much for joining me. Really appreciate it. >> Honor to be with you, Kristen. Thank you for having me. >> Well, it's wonderful to have you here, Dr.. Oz. I want to start off by asking you about open enrollment for the Obamacare marketplace. These subsidies, open enrollment, of course, begins November 1st. It's already underway for Medicare recipients. I want to ask you if the ACA ...
The $14,000 mistake retirees make during open enrollment
Yahoo Finance· 2025-10-21 02:38
Medicare's "dirty little secrets" - the hidden costs, coverage gaps and commission conflicts that could cost retirees thousands. You'll learn why so-called "free" Medicare Advantage plans aren't always what they seem, how switching plans can be risky, and what every retiree needs to know before open enrollment. Bob Powell and three distinguished Medicare experts will show you the truth about Medicare that the brochures don't tell you. Yahoo Finance's Decoding Retirement is hosted by Robert Powell. Find more ...
CNBC All-America Economic Survey: 81% of seniors are satisfied with health care access
CNBC Television· 2025-10-20 23:07
Steve Leeman joins me now to dig into those survey findings. Steve, >> Cuba's not exactly right. Our survey finds 62% of the public say they are satisfied with their ability to obtain quality healthcare, including majorities of those who have private and government health insurance, but especially those Medicare recipients. 81% of seniors and 78% of Medicare recipients say they're satisfied with their access to healthcare.That compares, it goes down. 60% of those on private insurance, 55% for working-class ...
Tax bracket changes for 2025-2026, how to choose a Medicare plan
Yahoo Finance· 2025-10-17 19:21
Mind Your Money host Allie Canal breaks down the latest tools to help you build your portfolio for October 17, 2025. The IRS just released its new tax brackets and rates for the upcoming filing year. Senior correspondent Kerry Hannon breaks down what the new bracket changes mean for taxpayers. Decoding Retirement host Bob Powell spoke with Marcia Mantell about choosing the right Medicare plan for your coverage needs. For more Mind Your Money videos, please visit: https://finance.yahoo.com/videos/series/mind ...
X @Investopedia
Investopedia· 2025-10-17 15:00
Medicare beneficiaries face higher costs, reduced services, and possible cuts to the program at large—but there’s good news about prices for some drugs and the medication payment plan. https://t.co/KkwSFYdsJC ...