Connect with us

Business

Gray Labor: The U.S. Cities Where More Seniors Are Working Past Retirement on September 15, 2023 at 8:10 pm Business News | The Hill

Published

on

For years those born in the decades after WWII were considered a golden generation, possibly the last to experience a job for life and, often, a healthy pension to go with it.

Yet today, 20 percent of seniors work past the traditional U.S. retirement age of 65, according to a new study from Smart Assets.

Of course people continue to work for a variety of reasons. Many enjoy it, value the social aspect, or like exercising skills built over a lifetime. Others do it because they enjoy the additional earning power it brings.

Given that the average monthly retirement benefit for Security Security recipients is around $1,780, some do it because they must, to make ends meet.

Advertisement

We’re working longer

A variety of factors are encouraging people to work longer. For a start, the fabled defined benefit schemes of yore, those “Rolls Royce” pensions for which employers took responsibility and which, typically, promised a retirement income of two thirds of final salary, are now vanishingly rare.

The wholesale shift to defined contribution schemes, in which the responsibility for retirement savings falls squarely on the individual, doesn’t always provide the golden years that individuals expected.

Reports suggest the average balance in employer-sponsored savings plans, including 401(k)s and 403(b)s, was $112,572 in 2022, and that’s down from $141,542 the previous year.

Providing for old age has always been fraught. The Roman emperor Augustus promised his troops a pension equivalent to 12 times their salary, after 20 years’ service. He did so not out of altruism but to quell the risk of uprising.

Advertisement

German chancellor Otto Von Bismarck is credited with devising the modern pension, which he introduced in the 1880s to people aged 70 and over. At the time, German life expectancy was less than 40.

A large part of the reason people work longer today is because we are living longer. While, sadly, life expectancy in the U.S. has actually fallen in recent years, people can still expect to live longer than previous generations.

Systemic factors at play

Moreover, while ancient Romans and 19th century German chancellors had vast quantities of taxable youngsters joining the workforce to pay for pensions, the U.S. has an aging population. Currently one in six people in the United States is aged 65 or over, up from one in 20 just 100 years ago.

With a birth rate of 1.64 births per woman, far below the 2.1 replacement rate, the ratio of youngsters to seniors is not going to change any time soon.

Advertisement

The fact that the full retirement age, traditionally 65, has been rising – to 66 for those born in 1955, and 67 for those born in 1960 or later – is also increasing the age of working seniors as a matter of course.

The fact that Social Security retirement benefits increase up until the age of 70, for each month you delay drawing them down, is a factor too.

Little wonder that in some U.S. cities, more than 25 percent of seniors are still working.

Indeed, by 2031, the Bureau of Labor Statistics expects that almost one third of all people aged between 65 and 74 will either still be working or out looking for work. In 2001 that figure was less than one fifth.

Advertisement

Somewhat ironically, employment has become a component of retirement planning. The Smart Assets study, which looked at recent labor force data for 34 of the country’s largest cities, found Dallas tops the poll, with 28 percent of over 65s there still in the labor force.

For seniors looking for work, LA, Boston and Las Vegas are the cities in which it is hardest to get.

Where seniors are working, the study suggests many are doing so for good money. People aged 65 and older who continue working in San Francisco earn on average over $193,000 per year. San Jose ($175,675), Seattle ($156,330) and Washington D.C. ($144,947) come next.

If you’re keen to keep earning after 65, for whatever reason, you’ll find loads of great opportunities on The Hill jobs Board.

Advertisement

Media Manager, Federal Relations Specialist, Washington DC

The Joint Commission is an independent, not for profit, and the nation’s oldest and largest accrediting body in healthcare. It is looking for a Media Manager to work closely with national healthcare consumer, policy, and trade reporters, on proactive and reactive media relations. Work is on a hybrid basis, so no more commuting five days a week.

Associate Director for Policy and Partnerships, FDA, remote

You’ll be working in the FDA’s Center for Tobacco Products, which is responsible for carrying out the Family Smoking Prevention and Tobacco Control Act, passed in 2009. You’ll be providing authoritative advice on potential and emerging tobacco policy and regulatory issues and because it’s remote, you can work from home.

Government Affairs Analyst, NASAA, Washington

North American Securities Administrators Association (NASAA) is devoted to supporting the work of U.S. state and territorial securities regulators. As Government Affairs Analyst you’ll have at least three years’ of experience tracking, analyzing, and summarizing state or federal legislation relating to securities regulation or a related policy area, along with strong research and communication skills.

Insurance Sales Representative, Performance Matters Association, TX

If you fancy moving to the city that already has the highest quotient of seniors in work, how

Advertisement

about this Insurance Sales opportunity in Dallas, Texas. PMA is actively seeking motivated individuals who desire to positively impact lives and become leaders in their community.

To discover more opportunities for you at every stage of your career, start browsing The Hill Jobs today

​Lobbying, Business For years those born in the decades after WWII were considered a golden generation, possibly the last to experience a job for life and, often, a healthy pension to go with it. Yet today, 20 percent of seniors work past the traditional U.S. retirement age of 65, according to a new study from Smart Assets….  

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

New DOJ Files Reveal Naomi Campbell’s Deep Ties to Jeffrey Epstein

Published

on

In early 2026, the global conversation surrounding the “Epstein files” has reached a fever pitch as the Department of Justice continues to un-redact millions of pages of internal records. Among the most explosive revelations are detailed email exchanges between Ghislaine Maxwell and Jeffrey Epstein that directly name supermodel Naomi Campbell. While Campbell has long maintained she was a peripheral figure in Epstein’s world, the latest documents—including an explicit message where Maxwell allegedly offered “two playmates” for the model—have forced a national re-evaluation of her proximity to the criminal enterprise.

The Logistics of a High-Fashion Connection

The declassified files provide a rare look into the operational relationship between the supermodel and the financier. Flight logs and internal staff emails from as late as 2016 show that Campbell’s travel was frequently subsidized by Epstein’s private fleet. In one exchange, Epstein’s assistants discussed the urgency of her travel requests, noting she had “no backup plan” and was reliant on his jet to reach international events.

Screenshot

This level of logistical coordination suggests a relationship built on significant mutual favors, contrasting with Campbell’s previous descriptions of him as just another face in the crowd.

In Her Own Words: The “Sickened” Response

Campbell has not remained silent as these files have surfaced, though her defense has been consistent for years. In a widely cited 2019 video response that has been recirculated amid the 2026 leaks, she stated, “What he’s done is indefensible. I’m as sickened as everyone else is by it.” When confronted with photos of herself at parties alongside Epstein and Maxwell, she has argued against the concept of “guilt by association,” telling the press:

“I’ve always said that I knew him, as I knew many other people… I was introduced to him on my 31st birthday by my ex-boyfriend. He was always at the Victoria’s Secret shows.”

She has further emphasized her stance by aligning herself with those Epstein harmed, stating,

“I stand with the victims. I’m not a person who wants to see anyone abused, and I never have been.””

The Mystery of the “Two Playmates”

The most damaging piece of evidence in the recent 2026 release is an email where Maxwell reportedly tells Epstein she has “two playmates” ready for Campbell.

While the context of this “offer” remains a subject of intense debate—with some investigators suggesting it refers to the procurement of young women for social or sexual purposes—Campbell’s legal team has historically dismissed such claims as speculative. However, for a public already wary of elite power brokers, the specific wording used in these private DOJ records has created a “stop-the-scroll” moment that is proving difficult for the fashion icon to move past.

A Reputation at a Crossroads

As a trailblazer in the fashion industry, Campbell is now navigating a period where her professional achievements are being weighed against her presence in some of history’s most notorious social circles. The 2026 files don’t just name her; they place her within a broader system where modeling agents and scouts allegedly groomed young women under the guise of high-fashion opportunities. Whether these records prove a deeper complicity or simply illustrate the unavoidable overlap of the 1% remains the central question of the ongoing DOJ investigation.

Advertisement
Continue Reading

Business

Google Accused Of Favoring White, Asian Staff As It Reaches $28 Million Deal That Excludes Black Workers

Published

on

Google has tentatively agreed to a $28 million settlement in a California class‑action lawsuit alleging that white and Asian employees were routinely paid more and placed on faster career tracks than colleagues from other racial and ethnic backgrounds.

How The Discrimination Claims Emerged

The lawsuit was brought by former Google employee Ana Cantu, who identifies as Mexican and racially Indigenous and worked in people operations and cloud departments for about seven years. Cantu alleges that despite strong performance, she remained stuck at the same level while white and Asian colleagues doing similar work received higher pay, higher “levels,” and more frequent promotions.

Cantu’s complaint claims that Latino, Indigenous, Native American, Native Hawaiian, Pacific Islander, and Alaska Native employees were systematically underpaid compared with white and Asian coworkers performing substantially similar roles. The suit also says employees who raised concerns about pay and leveling saw raises and promotions withheld, reinforcing what plaintiffs describe as a two‑tiered system inside the company.

Why Black Employees Were Left Out

Cantu’s legal team ultimately agreed to narrow the class to employees whose race and ethnicity were “most closely aligned” with hers, a condition that cleared the path to the current settlement.

The judge noted that Black employees were explicitly excluded from the settlement class after negotiations, meaning they will not share in the $28 million payout even though they were named in earlier versions of the case. Separate litigation on behalf of Black Google employees alleging racial bias in pay and promotions remains pending, leaving their claims to be resolved in a different forum.

What The Settlement Provides

Of the $28 million total, about $20.4 million is expected to be distributed to eligible class members after legal fees and penalties are deducted. Eligible workers include those in California who self‑identified as Hispanic, Latinx, Indigenous, Native American, American Indian, Native Hawaiian, Pacific Islander, and/or Alaska Native during the covered period.

Beyond cash payments, Google has also agreed to take steps aimed at addressing the alleged disparities, including reviewing pay and leveling practices for racial and ethnic gaps. The settlement still needs final court approval at a hearing scheduled for later this year, and affected employees will have a chance to opt out or object before any money is distributed.

H2: Google’s Response And The Broader Stakes

A Google spokesperson has said the company disputes the allegations but chose to settle in order to move forward, while reiterating its public commitment to fair pay, hiring, and advancement for all employees. The company has emphasized ongoing internal audits and equity initiatives, though plaintiffs argue those efforts did not prevent or correct the disparities outlined in the lawsuit.

For many observers, the exclusion of Black workers from the settlement highlights the legal and strategic complexities of class‑action discrimination cases, especially in large, diverse workplaces. The outcome of the remaining lawsuit brought on behalf of Black employees, alongside this $28 million deal, will help define how one of the world’s most powerful tech companies is held accountable for alleged racial inequities in pay and promotion.

Advertisement
Continue Reading

Business

Luana Lopes Lara: How a 29‑Year‑Old Became the Youngest Self‑Made Woman Billionaire

Published

on


At just 29, Luana Lopes Lara has taken a title that usually belongs to pop stars and consumer‑app founders.

Multiple business outlets now recognize her as the world’s youngest self‑made woman billionaire, after her company Kalshi hit an 11 billion dollar valuation in a new funding round.

That round, a 1 billion dollar Series E led by Paradigm with Sequoia Capital, Andreessen Horowitz, CapitalG and others participating, instantly pushed both co‑founders into the three‑comma club. Estimates place Luana’s personal stake at roughly 12 percent of Kalshi, valuing her net worth at about 1.3 billion dollars—wealth tied directly to equity she helped create rather than inheritance.

Via Facebook

Kalshi itself is a big part of why her ascent matters.

Founded in 2019, the New York–based company runs a federally regulated prediction‑market exchange where users trade yes‑or‑no contracts on real‑world events, from inflation reports to elections and sports outcomes.

As of late 2025, the platform has reached around 50 billion dollars in annualized trading volume, a thousand‑fold jump from roughly 300 million the year before, according to figures cited in TechCrunch and other financial press. That hyper‑growth convinced investors that event contracts are more than a niche curiosity, and it is this conviction—expressed in billions of dollars of new capital—that turned Luana’s share of Kalshi into a billion‑dollar fortune almost overnight.

Her path to that point is unusually demanding even by founder standards. Luana grew up in Brazil and trained at the Bolshoi Theater School’s Brazilian campus, where reports say she spent up to 13 hours a day in class and rehearsal, competing for places in a program that accepts fewer than 3 percent of applicants. After a stint dancing professionally in Austria, she pivoted into academics, enrolling at the Massachusetts Institute of Technology to study computer science and mathematics and later completing a master’s in engineering.

During summers she interned at major firms including Bridgewater Associates and Citadel, gaining a front‑row view of how global macro traders constantly bet on future events—but without a simple, regulated way for ordinary people to do the same.

submit your film

That realization shaped Kalshi’s founding thesis and ultimately her billionaire status. Together with co‑founder Tarek Mansour, whom she met at MIT, Luana spent years persuading lawyers and U.S. regulators that a fully legal event‑trading exchange could exist under commodities law. Reports say more than 60 law firms turned them down before one agreed to help, and the company then spent roughly three years in licensing discussions with the Commodity Futures Trading Commission before gaining approval. The payoff is visible in 2025’s numbers: an 11‑billion‑dollar valuation, a 1‑billion‑dollar fresh capital injection, and a founder’s stake that makes Luana Lopes Lara not just a compelling story but a data point in how fast wealth can now be created at the intersection of finance, regulation, and software.

Advertisement
Continue Reading

Trending