Today: 5. Nov, 2024
With most American workers contributing to Social Security throughout their careers, many expect to rely on these benefits upon retirement. However, a recent survey by the Nationwide Retirement Institute reveals that a staggering 72% of adults worry that Social Security will run…
A recent study reveals a concerning trend among middle-aged Americans: they are significantly underprepared for retirement. According to Prudential Investments, many Americans around 55 are facing what is termed a “midlife retirement crisis,” with insufficient savings to sustain a comfortable post-working life.…
Australia’s renowned superannuation system has long been regarded as a model for retirement planning. Yet, as the world faces the “Silver Tsunami” of aging populations, concerns are emerging about its adequacy. On Bloomberg’s Big Take podcast, host Sarah Holder and journalist Amy…
As we stand on the cusp of a new decade, the United States is teetering on the edge of a significant retirement crisis. With the Census Bureau forecasting that by the end of this decade, approximately 21% of the nation’s population will…
In a time when financial foresight is more critical than ever, Larry Fink, the Chairman and CEO of BlackRock, the world’s largest asset manager, is directing the global conversation toward a burgeoning crisis: the future of retirement. In his insightful annual investor…
In a compelling wake-up call to investors and policymakers, Larry Fink, the CEO of BlackRock, the world’s largest asset manager, has highlighted a brewing crisis that threatens the economic fabric of the US: the looming retirement crisis. In his annual letter to…
The alarming reality confronting numerous Americans is the impending retirement age without any financial cushion. Recent data shows a mere 10% of low-income workers aged between 51 and 64 had retirement savings in 2019. This is a sharp decline from 20% in…
A new survey from the Healthcare of Ontario Pension Plan (HOOPP) reveals that many Canadians are struggling to save enough for retirement due to the challenges presented by inflation and escalating interest rates, with a considerable number considering postponing their retirement plans. …
