Inflation Archives - Page 5 of 6 - Pension Policy International

27JunJune 27, 2023

UK. State pension could jump by 18% in two year window

State pensions could rise by 7% to £11,342 in 2024, paving the way for close to an 18% jump in two years, according to Bank of England inflation forecasts. Under the triple lock scheme, state pensions are required to increase annually at the same rate of whichever is highest out of the inflation rate in September, earnings between May and June or 2.5%. Predictions made by the Bank of England show inflation dropping from 8.7% to 7% in September, the month...

June 27, 2023

NewsInflation, State Pensions, UK

08JunJune 8, 2023

New global report highlights older people’s risk of starvation and extreme poverty due to rising global costs

Older people selling assets or even begging on the street to survive: “We buy bread and cheese and feed the children while we do not eat.” “We get sick and we no longer go to the hospital due to high transportation costs …the only thing left is for us to die.” The global food, fuel and finance crisis is having a devastating impact on millions of older people across the world. It is leaving them struggling to afford food and...

June 8, 2023

NewsIncome, Inflation

26MayMay 26, 2023

Australia. Rising retirement costs outpace inflation

According to the Association of Superannuation Funds of Australia (ASFA), the annual budget for a comfortable retirement is a record $70,482 for a couple aged 65 and $50,004 for a single. It says a “modest” retirement costs $45,808 for a couple and $31,785 for singles – which can be largely covered by the age pension. Retirees continue to face significant upward pressure on their household budgets with the cost increase reporting higher than Australia’s CPI inflation, which rose 7% for the...

May 26, 2023

NewsAdequacy, Australia, Inflation

26AprApril 26, 2023

Higher living costs force Americans to cut back on retirement savings, survey says

Bigger chunks of our paychecks are going to pay the bills as we juggle higher rent or housing costs, larger monthly payments on cars, and ongoing high prices on food, clothing and airfares. Who wouldn't be tempted to dial back how much money you set aside from each paycheck toward retirement? Throw cash in a 401(k) plan? When you need to make a car payment of $700 a month or higher? Or your rent just went up by $250 a...

April 26, 2023

NewsInflation, US

31MarMarch 31, 2023

The cost of living

We first took evidence on the cost of living crisis in February 2022, when inflation was forecast to peak at 7.25% in April 2022. Since then, we have seen the invasion of Ukraine compound the difficult economic picture and inflationary pressure seen internationally and domestically after the COVID-19 pandemic, and inflation now looks set to top 11% in October—the highest in 40 years. However, the context for the cost of living crisis and its impact on the poorest in...

March 31, 2023

Adequacy, Books, Books2022, Adequacy, Income, Inflation, savings, UK

23JanJanuary 23, 2023

Japan. Pension Benefits to Rise for 1st Time in 3 years

Public pension benefits will rise for the first time in three years in fiscal 2023, although at a slower pace than a major inflation rate, the Health, Labor and Welfare ministry said Friday. Benefit increases, set at 1.9% for pensioners aged 68 or over, will be limited because the ministry will activate what it calls the macroeconomic slide mechanism to curb benefit payments for the first time in three years. Japan revises the amounts of pension benefits every year to take...

January 23, 2023

NewsAdequacy, Inflation, Japan

17JanJanuary 17, 2023

US. Life expectancy can have a greater impact than even record high inflation on how long your retirement savings will last

Given today’s ongoing high inflation, many Americans worry they may not have put away enough money for retirement. They fear that sharp increases in food and energy prices and transportation and medical care costs could significantly affect their retirement savings. Yet there’s another important factor to consider: your life expectancy. A new report from the TIAA Institute and George Washington University reveals that more than half of American adults don’t know how long people generally tend to live in retirement, which...

January 17, 2023

NewsInflation, Longevity, US

13JanJanuary 13, 2023

Long-Term Real Dynamic Investment Planning

By Russell J. Gerrard, Munir Hiabu, Jens Perch Nielsen & Peter Vodička When long-term savers plan for retirement they need to know their investment prospects in terms of real income (Merton, 2014). While inflation has traditionally been considered as a complication in financial analysis and financial practise, we obtain enhanced predictability and model fit if the real returns are targeted in conjunction with earnings-by-price minus inflation as predictor. For this latter case, we propose an investment strategy of updating the...

January 13, 2023

Articles, Investment2023, Inflation, Pension design

27DecDecember 27, 2022

Inflation, war, rising interest rates posed steep challenges for investors in 2022

An inflationary environment that is anything but transitory, the volatility arising from Russia's invasion of Ukraine and other geopolitical crises, and a bevy of controversies surrounding ESG investing dominated headlines this year, while the fall of Allianz Global Investors and an exceptionally busy regulatory year were also among Pensions & Investments' top 10 stories of 2022. The top story this year was inflation and the Federal Reserve's aggressive actions to curb it through multiple interest rate hikes. After more than...

December 27, 2022

NewsInflation, Investment, Pension Management, UK, US

08DecDecember 8, 2022

The Underpensioned Index 2022 Edition

By The Pensions Policy Institute This report, the third in the series, provides an updated version of the Index, alongside recent data illustrating changes, particularly in the labour market and pension saving, that have been experienced by underpensioned groups since the first Index. Recognising that the current economic landscape is challenging, some of these changes may reflect current circumstances rather than long-term trends, and some of the policies that may be suggested as potential remedies to the underpensioned challenge may not be appropriate to enact during the...

December 8, 2022

Books, Books, Labor Market2022, COVID-19, Financial Inclusion, Inflation, Informal Sector, UK

June 2023

UK. State pension could jump by 18% in two year window

New global report highlights older people’s risk of starvation and extreme poverty due to rising global costs

May 2023

Australia. Rising retirement costs outpace inflation

April 2023

Higher living costs force Americans to cut back on retirement savings, survey says

March 2023

The cost of living

January 2023

Japan. Pension Benefits to Rise for 1st Time in 3 years

US. Life expectancy can have a greater impact than even record high inflation on how long your retirement savings will last

Long-Term Real Dynamic Investment Planning

December 2022

Inflation, war, rising interest rates posed steep challenges for investors in 2022

The Underpensioned Index 2022 Edition