Tag: retirement
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Retirement: The burdens of old age
The Economist: Retirement: The burdens of old age Retirement in rich countries is becoming unaffordable. IN 1935, when America first introduced state pensions to relieve poverty in old age, the average life expectancy was 62. The official pension age was 65. That meant the cost of the pension system was very modest. These days people…
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Boomer Bust: How Will the Economy Rebound Without Post-War Babies Financing Their Harleys?
Wall Street Journal: Boomer Bust: How Will the Economy Rebound Without Post-War Babies Financing Their Harleys? WASHINGTON — Baby Boomers have pumped up the global economy with their profligate ways for nearly two decades. It's been a great party. Now the music's over. Generalizations about the 79 million people born between 1946 and 1964 are…
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Boomers expect to work longer, can’t afford to quit
USA Today: Boomers expect to work longer, can't afford to quit WASHINGTON — As baby boomers begin to ease into their 60s, most expect to delay retirement longer than their parents or grandparents. That's good, because many can't afford to stop working. Two new reports portray aging boomers as better educated, with higher incomes and…