According to Josh Zumbrun in the Wall Street Journal, the improving economy is simply not enough to get people back into the labor force. Zumbrun features three “nagging indicator” charts showing that a dramatic share of the unemployed are simply leaving the workforce (particularly since 2008), the rate of unemployed reentering the workforce is the lowest […]
Tag: "baby boomers"
Two year ago, I produced a piece on how baby boomers spend their money. I wanted to find out why many of them were not nearly prepared for retirement. This time around, I wanted to find out how senior citizens were spending their money. A lot has changed compared to the same age group just 20 years ago: Today’s seniors (age […]
In 2011, the first of some 78 million baby boomers began retirement. By the year 2031, the last year of the boomer generation will reach their full retirement age (67). Many will consider moving to a less costly, low-tax state in an effort to reduce their living expenses. However, more than half of those on […]
A CNN Money article highlighted a recent survey examining worldwide retirement trends. The survey, conducted by HSBC, found that 18 percent of Americans expect never to retire. This is only slightly lower than the 19 percent of British who expect never to retire, but much higher than the global average of 12 percent. When I first read […]
A new report by the Economic Policy Institute rehashes what many already know about retirement savers. This is no surprise coming from an organization that has opposed self-savings initiatives and has instead supported the entitlement status quo. The EPI’s report shocks and awes with charts and graphs showing the savings disparities between rich and poor, black […]
Today the NCPA featured a report summary in its Daily Policy Digest on how taxing capital penalizes saving. The report, by Alan Viard of the American Enterprise Institute, provides a clear example of how even if the tax rates on labor income and saving are the same, the saver still pays a greater effective tax rate […]
There is always a target for bad tax policy, and these days it seems to be the rich. Every scheme designed to raise tax revenue is usually based on taxing the rich more, taxing the poor less, and generally redistributing wealth so that society is fair. Sadly, however, the non-wealthy but frugal and hard-working citizen often […]