Pensions are indexed twice a year. But COVID-19 has put a spanner in the works of what should be a regular increase next month.
For people who worked manual jobs (such as electricians or carers), this number was even lower.
Many of the public employee pension plans run by states don't have enough money in them to make upcoming pension payments to retired state workers. The pandemic could make that problem much worse.
Economic distress was the norm for many before the coronavirus outbreak. The pandemic is an opportunity to provide an economically secure future for all.
It's a good idea to deem income, but of late we've doing it badly.
Americans are increasingly struggling to save enough for retirement. If Social Security isn't saved, growing old in poverty will likely become more common.
Until now most people have eventually owned a home. But two trends – falling ownership and a growing aged population – will put the budgets of retirees and government under real pressure.
The controversial plan to raise the age of the pension to 70 has been scrapped, with eligibility rising to 67 in 2023, where it will stay.
A recent study suggests that divesting in fossil fuels not only allows investors to address their climate change concerns, it also reduces financial risks and increases financial returns.
Sears Canada's bankruptcy should alert employees and regulators alike to rethink defined-benefit pensions.
Labor's Jenny Macklin said that under a Coalition proposal, Australia would have the highest pension age in the developed world. Is that right?
Closer examination of criminal charges brought against South Africa's finance minister, Pravin Gordhan, suggest that they are weak in law and serve a political agenda.
Senator Jacqui Lambie told Q&A that a third of Australian age pensioners are living below the poverty line and that it's estimated to rise to two-thirds within five years. Is that right?
Still youthful? Watch out ...