Tag: guaranteed income

Seniors Continue to Work after 65

Seniors Continue to Work after 65

For many Americans, reaching 65 years of age does not equal putting up one’s feet and relaxing post retirement. Almost 20 percent of the US citizens aged 65 and over continue to work part time or full time. This is the highest rate from 1962. The last time this happened was during the end of the Great Recession. An increasing number of seniors were compelled to stay in work for a longer period of time to survive.

Financial compulsions

According to Jean Setzfand, Senior Vice-President, AARP, the reason to work at that age was purely financial. He said that […]

Retirement Dread Is Replacing the American Dream

Retirement Dread Is Replacing the American Dream

With informed discussion, creative thinking, and timely legislative action, Social Security can continue to protect future generations.

That boilerplate language has been featured more or less verbatim in the yearly status report from the trustees of the Social Security and Medicare funds since 2001, through presidents George W. Bush, Barack Obama and now, Donald Trump.

It’s the numbers that have changed dramatically, as the U.S. population ages. The 2003 report noted that “Social Security plays a critical role in the lives of over 46 million beneficiaries, and over 150 million covered workers and their families.” The report released late last […]

Is Guaranteed Income for All the Answer to Joblessness and Poverty?

Is Guaranteed Income for All the Answer to Joblessness and Poverty?

Credit: manopjk Getty Images Everything old is new again, as the saying goes, including the controversial idea that the solution to economic upheaval is free money.

Universal basic income (UBI), a social policy that guarantees a fixed, unconditional stipend to all members of a designated group or entire country, has been kicked around for centuries by thinkers from Thomas Paine to Milton Friedman. Now it is experiencing new life as autonomous vehicles, artificial intelligence and other advancing technologies rattle labor markets and foreshadow a future in which there simply may not be enough jobs for everybody who wants one.

Big-time disrupters […]

Combating poverty in developing countries with a universal basic income

The pros and cons of a universal basic income in reducing poverty and achieving inclusive economic growth in varying country contexts

It is relatively rare for the same economic policy to be hotly debated in both developing and developed countries given how different their economic environments are. A universal basic income (UBI) is one such example. What is a universal basic income?

A UBI scheme is defined by three features:1) It is a cash transfer scheme as opposed to any specific good or service being provided in-kind, in a subsidised manner, or through coupons or vouchers.2) It is non-conditional , […]

Fears over PI claims grow amid DB demand surge

Fears over PI claims grow amid DB demand surge

Advisers are concerned they could be sued in the future over poor advice as client demand for defined benefit pensions transfers, surges, new research from pensions provider Prudential shows.

The attraction of high transfer values for final salary schemes is putting pressure on advisers as insistent clients disagree with their recommendation.

According to the study more than 80 per cent of advisers have reported an increase in requests for advice about transferring defined benefit pensions.Even more worrying the Prudential said that two out of five advisers (44 per cent) warned they had seen an increase in clients completing transfers despite recommendations […]

/pol/ – Politically Incorrect

/pol/ - Politically Incorrect

>> >>133879303
To facilitate trade.

>>133879405
This.I am a UBI advocate, but there are several major misconceptions about its rationale and probable impact. Milton Friedman introduced the concept in the Sixties as a more efficient alternative to current wealth redistribution. If welfare transfers "spurred creativity", American negroes would’ve developed a settlement on Mars by this point. And the notion that "automation" will render human superfluous in the economy was a sentiment shared by the typesetters union as well as the legions of telephone operators who used to account for the bulk of telecoms employees. People will just do different […]

A Great Story That Will Cure You of ‘Guaranteed’ Income Support

During a 2005 visit with Andy Kessler, the investor, writer and speaker extraordinaire imparted some wisdom to me that?s never been forgotten: the second best answer in the world is no. As…

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Read the referenced story here: A Great Story That Will Cure You of ‘Guaranteed’ Income Support Enlarge this image Hurricane Katrina victims wait at the Convention Center in New Orleans, in September 2005. A report from Scientific American says such natural disasters may increase the gap between rich and poor in affected communities. Eric Gray/AP hide caption toggle caption Eric Gray/AP Natural disasters in the United States […]

Retirement at 65 becomes a reach for some, as seniors stay in the workforce

Retirement at 65 becomes a reach for some, as seniors stay in the workforce

A person’s 65th birthday used to be a milestone. That was the age at which your working days were over and your retirement began.

For millions of Americans nowadays, however, that’s no longer possible. Nearly 20 percent of people age 65+ are still working full or part-time— the highest rate since 1962 . After the end of the Great Recession, more seniors were forced to stay in the workforce for longer, in order to make ends meet.

"It is financially driven," AARP’s senior vice president of programs Jean Setzfand told CNBC’s "On the Money" in a recent interview."Our research shows us […]

Why universal basic income is gaining support, critics

Why universal basic income is gaining support, critics

Some see it as a way to compensate for the traditional jobs with benefits that will be wiped out by robotics, artificial intelligence, self-driving vehicles, globalization and the gig economy. Others see it as a way to reduce income inequality or to create a more efficient, less stigmatizing safety net than our current mishmash of welfare benefits.

“I think ultimately we will have to have some kind of universal basic income, I don’t think we are going to have a choice,” Tesla CEO Elon Musk said at the World Government Summit in Dubai in February.

In a commencement speech at Harvard […]

Freelance State of Mind: “You have to embrace risk”

Freelance State of Mind: “You have to embrace risk”

On the surface of it, “making it” is something rarely ever as beautiful as the gleaming idea seems in the eye of the outside onlooker. To truly carve a niche in the creative industry, it requires huge leaps into the unknown, where any move might be the wrong one. You have to embrace risk and learn to see fear differently.

Sir John Hegarty, one of advertising’s most creative minds tells me there’s not enough risk in today’s industry. With a competitive mind, I can’t help but adopt this comment as an indirect challenge to implement more of it in my […]