Pension Funds Plunge Into Riskier Bets—Just as Markets Are Struggling
U.S. public pension funds don’t have nearly enough money to pay for all their obligations to future retirees. A growing number are adopting a risky...
Social Security cost-of-living adjustment in 2023 may be a record high
Westend61 / Josep Rovirosa | Getty Images Social Security beneficiaries saw the biggest cost-of-living adjustment in about 40 years in 2022, when they received a...
Pensions’ Bad Year Poised to Get Worse
State and local government retirement funds started the year with their worst quarterly returns since the beginning of the pandemic. Things have only gone downhill...
Wages are rising but many Americans still live paycheck to paycheck
The economy is recovering but workers are still having a hard time making ends meet. While real wages are on the rise, they can’t keep...