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Explainer: How poor savings and strained social security are fueling America’s retirement crisis

By Ali Zeraatpisheh

An 88-year-old US Army veteran named Edmund “Ed” Bambas was still working full-time at a grocery store, not out of choice, but necessity. After losing his wife, exhausting his savings on medical care, and seeing his pension disappear, retirement became impossible.

His situation only came to public attention when a social media influencer filmed a short video about him. The clip went viral, and within days, strangers donated more than $1.5 million so that Bambas could finally stop working.

The story was widely shared as a feel-good moment about generosity and kindness. But that framing misses the larger point.

Bambas’ experience is not exceptional. It is one of the rare cases that have been seen. For every elderly worker rescued by a viral video, there are millions more who continue working quietly into their seventies and eighties, not because they want to, but because the system leaves them no alternative.

The US is heading toward a retirement crisis.....more below

https://www.presstv.ir/Detail/2025/12/15/760671/explainer-how-poor-savings-strained-social-security-fueling-us-retirement-crisis

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Sanctions aimed at weakening Russia have backfired spectacularly, Italy’s Deputy Prime Minister Matteo Salvini told Corriere della Sera.
19 rounds of sanctions cobbled together in nearly four years have boomeranged, bringing the West’s economies “to their knees,” Matteo Salvini emphasized, adding that they sent Italian household energy bills “soaring.”
Salvini also urged caution amid Europe’s growing militarization, fueled by what he described as an alleged “phantom threat” from Russia.
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https://sputnikglobe.com/20251216/italys-salvini-anti-russia-sanctions-have-brought-wests-economies-to-their-knees-1123304750.html

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