Retirement

Private equity on defense in Washington

What's believed to be the first congressional hearing in recent years squarely focused on the practices of private equity firms is happening later this morning.

Why it matters: Private equity is facing "the most serious political challenge it has seen in years," per the WSJ.

Special report: Retirement becomes more myth than reality

Data: U.S. Census Bureau and PNAS; Chart: Naema Ahmed

The number of Americans in the workforce who are over 64 years old has tripled over the past 30 years.

Why it matters: Delayed retirement is a sign of health and affluence for some and a continued life of hardship for others. As society ages and people live longer, a 21st century idea of retirement is needed, Steve Vernon of the Stanford Center on Longevity tells Axios.