Tag - retirement

US Pension Plans Continue to Deteriorate

While pension plans have all but disappeared from private sector workplaces, significant numbers of public employees still expect to receive pensions when they retire, and indeed in many cases depend on those pension plans for their retirement income. But, like most pension plans in the US, these public pension...

How Badly Will Millennials Get Burned When Stock Markets Crash?

Stock market rallies in recent days have been characterized by wild price gains on the flimsiest of positive news. For instance, publication of the results of a vaccine trial on eight people raised such hopes for a coronavirus vaccine that stocks gained over 900 points. Yet there was no...

Unemployment Hitting Older Americans Worse Than Younger Americans

You might think that during a major recession, older workers would be the first to go. They command higher salaries, require greater healthcare payments, and just cost a company more across the board. But in every recession through the 2008 financial crisis, Americans above the age of 55 were...