Today: 5. Nov, 2024
Social Security has just celebrated its 89th anniversary, a milestone that highlights its longstanding role in American life. Established on August 14, 1935, under President Franklin D. Roosevelt, the Social Security Act aimed to provide a safety net for older Americans. However,…
China is set to gradually raise its statutory retirement age over the next five years to address its aging population and strained pension system. With life expectancy now at 78 years, higher than the United States, the retirement age in China remains…
The traditional notion of retiring in one’s 60s is increasingly being viewed as unattainable. With rising life expectancies and escalating costs of living, the conventional retirement age might be shifting. This article delves into the evolving dynamics of retirement, influenced by economic…
As countries grapple with demographic shifts and fiscal sustainability, the age at which individuals retire has become a focal point of national policy debates. Among the myriad global retirement policies, a select group of nations stands out for setting a notably high…
In Canada, the dreams of a comfortable retirement and stable housing are becoming increasingly elusive across generations. A recent Deloitte Canada report reveals a stark reality: only 14% of near-retirees, those aged 55 to 64, can anticipate a comfortable retirement. This situation…
In an age where life expectancy continues to rise, many young individuals face the unique challenge of financially supporting older family members while also trying to save for retirement. The World Economic Forum’s recent report highlights the global average life expectancy shift…
