Atlanta Journal Constitution (October 14)
“Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.”
Tags: Benefits, Burst, COLA, Coronavirus, Drag, Economy, Inflation, Pandemic, Retirees, Social security, Struggles
Wall Street Journal (August 29)
“In 1950 France had five people of working age per retiree. Today it has 1.4, and the ratio is expected to fall to 1.2 by 2050.” France’s newly unveiled pension reform will not “defuse” the pension bomb. “Paying for a growing number of retirees with a pay-as-you-go system that invests little for the future is a losing game. It will ultimately require much smaller pensions or much higher taxes, a fact that French businesses understand well even if the political class won’t admit it.”
