Plamen V Nikolov, Binghamton University, State University of New York
A study of a retirement program in China found that people who retired early suffered significant cognitive decline that put them at risk of early onset of dementia.
Most states struggle to meet pension funding needs – and the pandemic will make it worse.
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Many of the public employee pension plans run by states don’t have enough money in them to make upcoming pension payments to retired state workers. The pandemic could make that problem much worse.
More elderly people may soon be pinching pennies.
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Americans are increasingly struggling to save enough for retirement. If Social Security isn’t saved, growing old in poverty will likely become more common.
The Australian superannuation system was never meant to be privatised.
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The Australian superannuation system was originally meant to be government-run, and so many necessary protections weren’t included.
Shoppers browse at a Sears Canada store in Toronto in October after the company began liquidation sales. Its retirement funds are short $308 million, forcing a 19 per cent cut to employee pensions.
(THE CANADIAN PRESS/Nathan Denette)