Eugene Shkolnikov’s team of nine helps immigrant families–some rich, some new refugees without much–navigate U.S. insurance, pensions, taxes and legacy planning. https://t.co/4vLpDvU5hn (Photo: Northwestern Mutual) https://t.co/zDJjjrWkjJ ...

Eugene Shkolnikov’s team of nine helps immigrant families–some rich, some new refugees without much–navigate U.S. insurance, pensions, taxes and legacy planning. https://t.co/drpJvBOSmh (Photo: Northwestern Mutual) https://t.co/OhiDAICHOz ...

Eugene Shkolnikov’s team of nine helps immigrant families–some rich, some new refugees without much–navigate U.S. insurance, pensions, taxes and legacy planning. https://t.co/Tk5BB5A6m7 (Photo: Northwestern Mutual) https://t.co/s9Y2zX4DE6 ...

Retirement Concerns & Expectations - 64% of Americans surveyed are more worried about running out of money in retirement than dying, and 25% believe they won't ever be able to retire [1] - Roughly 80% of Gen X, millennial, and Gen Z workers believe it will be harder for their generation to achieve financial security than it was for their parents [4] - 70% of U S workers surveyed who have not retired yet considered pushing back their retirement date [22] Social Security & Pension System - Social Security benefits are a major income source for 58% of US retirees [16] - In 1989, 63% of full-time workers at companies with more than 100 employees had a pension, but today only about 15% of private industry workers do [9] - The US Social Security system is facing insolvency within seven years [17] Generational Differences in Retirement Preparedness - Younger workers today often have more in retirement accounts by age 30 than boomers did [6] - 39% of Gen Z, 36% of millennials, and 24% of Gen X have student loans, compared with about 7% of boomers [14] - The top 10% of millennials have 20% more wealth than the top baby boomers at the same age [13] Factors Affecting Retirement - Retirement ages are rising in more than half of OECD countries due to improved longevity and health [2] - Over half of people retire sooner than they ever plan to [3] - Three main reasons younger Americans will likely have to work longer than baby boomers are: longer and healthier lives, Social Security benefits won't cover the full cost of living, and many Americans don't save enough [7]

Demographic Trends & Economic Impact - Global population is projected to peak at approximately 97 亿 (9.7 billion) by the 2060s and then decline [5] - The birth rate required to sustain population growth is about 21% (2.1%) children per woman [7] - The average cost of raising a child to adulthood in the United States exceeds 31 万美元 ($310,000) [9] - Public debt in Japan has reached over 250% of GDP [20] Financial System & Investment Strategies - Governments may resort to financial repression, holding interest rates artificially below inflation levels [19] - Consumer debt in the United States has reached record highs, exceeding 18 万亿美元 ($18 trillion), with credit card debt surpassing 1 万亿美元 ($1 trillion) [49] - Companies in Japan increased salaries by nearly 10% in a single year due to labor shortages [32] Labor Market Dynamics - Employees who switched jobs in Japan gained raises averaging over 40% [32] - Demographic collapse is leveling the economic playing field for labor [37] - Rising wages encourage family formation, further tightening labor markets [39] Capitalism & Adaptation - Capitalism thrives on continuous growth, requiring more workers and consumers [43] - Modern corporations are shifting towards a rent extraction model, generating profits from dominating markets [44] - Governments may need to support families and stabilize demographics through affordable housing, child care, healthcare reform, and parental leave [51]

A looming pensions tax on rich Australians is sparking behind-the-scenes planning by the nation’s wealth managers, who say clients are exploring strategies to shield multimillion-dollar balances https://t.co/AjyavwIssD ...

Government Policy & Retirement Savings - The UK government intends to re-establish the Pensions Commission [1] - The revival is driven by growing concerns that a significant number of UK citizens are not adequately saving for retirement [1]

Government Policy & Finance - The "triple lock" guarantee on pensions is costing the British government [1] - The British government needs to find a solution to the cost of the "triple lock" guarantee on pensions, even if it's unpalatable [1]

Government Policy & Economic Impact - Argentina's Senate approved a bill to significantly increase government spending on pensions and social security [1] - The increased spending threatens to derail President Javier Milei's austerity drive [1] - The timing of the bill's approval is before October's midterm elections [1]