source — TheMoneyGPS.com Those on fixed incomes will have a difficult time. More difficult than it already is. We are seeing how much influence the low interest rates have had and yet the benefits don’t seem to be hitting the majority of people. A small group of individuals have seen their wealth expand to a […]
source / The Money GPS Government is incapable of managing the economy. That’s an absolute documented fact. This is on all levels. Quite frankly, they shouldn’t try to. But they do, and they will. The new spending bill got passed so that people can get their checks, so that money can be dispersed to places […]
Nationwide protests against the government of Emanuel Macron entered their seventh continuous week today in France, as between 187,000 (a government estimate) and 250,000 people (the unions’ count) took to the streets to oppose Macron’s plans to radically alter the country’s pension plan, seen by many as the crown jewel in France’s substantial welfare state.
The lower house of the Russian Parliament, the Duma, adopted reforms suggested by President Vladimir Putin to soften the pension age hike initially announced over the summer.
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British state pensions are among the lowest in the world, paying out a mere 38 percent of what the recipient earned when working, according to the Organisation for Development and Cooperation (OECD).
The OECD report, Pensions at a Glance, makes a comparative study of pensions in 34 countries. Only in Chile and Mexico was the replacement income as a proportion of average earnings lower than in the UK. The figure of 38 percent compares with 90 percent in the Netherlands and 80 percent in Spain and Italy.
