December 2024
09Dec

How Far $750K Plus Social Security Goes in Retirement in Every US Region

A recent study by GOBankingRates broke down just how far $750,000 in combined savings and Social Security would last for someone’s retirement in each state of the union, considering such factors as housing markets, healthcare costs and varied cost of living expenses across America. Such a list, though, can be a bit overwhelming at first, especially for someone just in the beginning stages of planning their retirement, and where to experience it. With that in mind, GOBankingRates has condensed that deep-dive...

December 9, 2024
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06Dec

Retirement Incentives and Decisions across the Income Distribution: Evidence in Canada

By Kevin S. Milligan & Tammy Schirle We evaluate the retirement incentives embedded in Canada’s retirement income system with attention to where individuals are located in the income distribution. We find that larger social security benefits are available to individuals with lower earnings in their work history because of the benefit income tests, but those from the top of the income distribution tend to enjoy longer lives over which they may receive benefits. Overall, we see greater Social Security Wealth...

December 6, 2024
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02Dec

Belgium’s sex workers get maternity leave and pensions under world-first law

“I had to work while I was nine months pregnant,” says Sophie, a sex worker in Belgium. “I was having sex with clients one week before giving birth.” She juggles her job with being a mother of five - which is “really hard”. When Sophie had her fifth child by Caesarean, she was told she needed bed rest for six weeks. But she says that wasn’t an option, and she went back to work immediately. “I couldn’t afford to stop because I...

December 2, 2024
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November 2024
29Nov

Brazil: Employment & Benefits – 2024 Highlights and 2025 Outlook

By Aline Fidelis This year has brought several significant updates to Brazilian labor law, with key changes focusing on equal pay, digital communication requirements, and debate over the regulation of platform work. These developments highlight the increasing emphasis on gender equality, workplace mental health, and the evolving nature of work in the gig economy. This article outlines the key highlights from 2024 and looks ahead to 2025. Get the report here

November 29, 2024
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15Nov

Can Flexible Jobs Drive the Future of Work? Lessons from MENA

By Carole Chartouni, Khalid Moheyddeen, Ramy Zeid, Rada Naji & Montserrat Pallares-Miralles The evolving nature of work is prompting a global shift towards more adaptable and flexible employment practices. Work is no longer only a place you go to for a 9 to 5 job – it is transforming into a dynamic concept as an ever-growing number of people are gravitating towards flexible employment models, often referred to as non-standard forms of employment (NSEs). Growing evidence shows that as people increasingly value...

November 15, 2024
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08Nov

US. Republicans Break Protocol to Kill Social Security Benefits Expansion Bill

While many Republicans have called to protect or even expand Social Security benefits, GOP lawmakers killed a bill that would help millions of Americans get higher monthly payments. Experts spoke with Newsweek about the possible motives behind the move. A Social Security bill that would have repealed two rules that lower benefits for certain retirees was brought forward by House Reps. Garret Graves, (R-LA) and Abigail Spanberger (D-VA). Despite the bill previously having a wide range of bipartisan support and Graves and Spanberger securing the 218 signatures needed...

November 8, 2024
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October 2024
17Oct

Why the US lags globally in retirement security

The United States ranks 29th out of 48 countries Mercer and the CFA Institute evaluated for their global pension index published this week. That equates to a C-plus letter grade, with a peer group of the United Arab Emirates, Kazakhstan, Hong Kong, Spain, Colombia, and Saudi Arabia. All of those countries have systems with “some good features but also ha[ving] major risks and/or shortcomings that should be addressed,” the report stated. “Without these improvements, its efficacy and/or long-term sustainability can be...

October 17, 2024
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01Oct

US. Here’s How Gen Xers Are Catching Up on Retirement Savings

Key Takeaways The oldest Gen Xers are already eligible to withdraw from retirement accounts penalty-free. Gen Xers are often underprepared for retirement but can improve by increasing savings and adjusting their budget. Unlike baby boomers with pensions, Gen X relies heavily on 401(k)s. During their highest earning years, Gen Xers can maximize retirement savings. Roth IRAs and 401(k)s can offer tax advantages for Gen Xers in retirement. Sandwiched between the more populous boomer generation and even more populous Millennials, Gen...

October 1, 2024
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September 2024
25Sep

US. 5 Ways a Kamala Harris Presidency Could Impact Retirees

Vice President Kamala Harris wasn’t even a contender for the White House earlier this year, but she is now the Democratic nominee for the presidency and running neck and neck with her Republican opponent, former President Donald Trump. If she wins, she is expected to promote policies that could affect the bottom line of millions of retirees. “There’s been nothing that she’s said that would lead me to believe she’s a negative to retirees,” says Chris Orestis, president of Retirement Genius,...

September 25, 2024
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23Sep

The U.S. Retirement System Will Fail Most Future Retirees

Careful research by Ph.D economists concludes America faces a huge retirement shortfall. We are about eight to nine years away from Social Security's inability to pay full benefits; all boomers are past age 60, and the typical Gen Y and Millennial is predicted to do a little worse or much worse than the cohorts of their big brothers, sisters, and parents. The erosion in retirement security is worse for the bottom 60% or so of the earnings distribution. Yes,...

September 23, 2024
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