Working Past 70: Americans Can’t Retire

More and more Americans are spending their golden years on the job. Almost 19 percent of people 65 or older were working at least part-time in the second quarter of 2017, according to the U.S. jobs report released on Friday. The age group’s employment/population ratio hasn’t been higher in 55 years, before American retirees won better health care and Social

US Auto Sales Sag, Hyundai Meets Carmageddon

WOLF RICHTER–Ford, GM, Hyundai and others tried hard to curtail their sales to rental car companies, or whatever. That’s was the theme among analysts on Monday, after automakers reported crummy June new vehicle sales. What really happened? Rental car companies continued to trim their fleets as they’re traversing their own structural hell, squeezed by ride