Retirement Crisis

Retirement Crisis: Lack of Retirement Savings Could Cost Pennsylvania $14.3 Billion by 2030

Retirement Crisis

Pennsylvania resident’s lack of retirement savings could cost the state $14.3 billion by 2030. This is based on a study completed by Econsult Solutions Inc., which provides economic consulting services, public policy, and finance, as some of its services. Initially, the study was commissioned by the Pennsylvania Treasury, in order to determine the impact of insufficient (more…)

Gen X: Another Group of Americans Going Through a Retirement Crisis

Gen X Retirement Plan

Generation X (also known as Gen X) is approaching retirement and facing concerns that it won’t become a reality. This would be the same crisis that Baby Boomers (born between 1946-1954) and Generation Jones (born between 1955-1965) are facing. Someone born between 1966 and 1976 would be classified as part of Generation X. In a recent survey (more…)

Concerns Mount Over 401(k) Cuts in Trump Tax Plan

Concerns Mount Over 401(k) Cuts in Trump Tax Plan

The President Says on Twitter That the 401(k) Plans Will Be Untouched, But Not Everyone Is Convinced The Trump tax plan continues to face controversy, this time with concerns that the 401(k) pension-matching plan may face reductions in the new tax overhaul plan, even as the president comes out on Twitter to claim that the (more…)

American Lifespan Shorter: Americans Face Lower Life Expectancy, Later Retirements, and More Sickness

American Lifespan Shorter: Americans Face Lower Life Expectancy, Later Retirements, and More Sickness

Americans are dying sooner, retiring later, and are experiencing more sicknesses than a generation before, according to new calculations made by the Society of Actuaries, which puts the changing American lifespan into perspective. Data released recently shows that the American lifespan and health are declining, with millions of middle-aged workers facing shorter and less active (more…)

Kentucky Public Employee Retirements Spike Amid Fears of Pension Cuts

Yellow warning sign about student loan payments ahead, with blue sky and clouds background.

Government Worker Retirements Surge to Preempt Pension Cuts Kentucky’s ongoing pension crisis has given birth to a new problem: many public sector employees are beginning to retire early, in fear that they may lose pension benefits later if they continue working now. This has the state government worried that there will be a mass exodus of workers (more…)

Kentucky Pension Crisis: Union Workers React to Possible Pension Cuts

Geographic border map and flag of Kentucky, Bluegrass State

Kentucky State Pension Crisis Has Unionized Workers Worried Unionized Kentucky government employees are protesting against pension cuts that are being proposed by Governor Matt Bevin as the state’s pension crisis runs out of control. Over the Labor Day weekend, members of various public sector unions gathered in Louisville to discuss their next plan of action (more…)