Although the contraction is modest, it may still have effects for people approaching retirement or relying on a fixed income.

The number of Americans who are nearing retirement without savings is alarming. AARP found last year that 20% of Americans 50 and older don't have any money socked away for their golden years. In ...

Find out your monthly benefit using NewsNation's Social Security calculator Benefits are based on your earnings, years worked and retirement age Those who delay retirement until 70 receive a monthly ...

The most common type of reverse mortgage is the government-backed HECM Reverse mortgages don't require monthly payments The downside is that your equity decreases as your debt increases If you’re 62 ...