Should the state pension age increase from 68 to 75 by 2035, as proposed by the Centre for Social Justice? Yes – Patrick Spencer is head of the work and welfare unit at the CSJ. The happy reality is that we are healthier and living longer. In 2017, the proportion of the UK population aged 65 or over was 18.2 per cent, which is projected to grow to 24 per cent by 2037, when over half of UK adults will be over 50. But this poses two problems. First, older people are more likely to be unemployed, and second, the state pension becomes unaffordable. So instead of passing the problem onto the next generation, why don’t we do something? Raising taxes won’t be nearly enough, and compelling people to have more children sounds dystopian. At the Centre for Social Justice (CSJ), we think that the government can do loads to improve employment rates for over 50s, and once that’s done, it is reasonable to increase the state pension age. When the state pension age was … [Read more...] about Should the state pension age increase from 68 to 75 by 2035?
Life insurance 75 year old
In 2017, Pacific Life Insurance Co. introduced a socially conscious, online investing platform tailored to thirtysomethings eager to use their assets to make the world a better place. Those investors proved more expensive and rare than the company thought, and less than two years later, the venture is returning their money and shutting down.The company, called Swell Investing, tweeted Wednesday that it will close Aug. 30. In surveys, people in their 20s and 30s say they’re eager to invest in line with their values, but the short life of Swell suggests that the financial services industry has been wrong about how ready they are to do so.“When we first set out to build Swell, our goal was to ensure that every dollar invested created a better world,” Dave Fanger, the former Pacific Life executive who founded Swell and was its CEO, said in a statement. It didn’t address the company’s demise, but said the team would “collectively continue in some form on … [Read more...] about How Pacific Life lost its bet on socially minded millennials
Susan Tompor Detroit Free Press Published 7:00 AM EDT Jun 15, 2019 Alex Pardoe, 25, is what some might dub the anti-millennial. Except, he's not really. Much like others in their 20s or 30s, he's savvy about building a brand, marketing his talents and recognizing how to use Instagram and YouTube to turn a head and grab a headline. He's just making a whole lot more money than you'd imagine for someone in a generation painfully overrun with bloated student loans, bad jokes about participation trophies, and way too much sharing on Instagram. OK, he does share way too much on Instagram. His Instagram handle: @Alexpardashian — a playful mix of his name and the Kardsahians. Yet instead of being burdened by six-figure student loan debt, he's earned shock-and-awe status with a six-figure income. Take this CNBC.com headline: "This 25-year-old hairdresser makes $280,000 a year in Detroit." A young hairstylist making $280,000 a year? … [Read more...] about Aesthetic Hair Co. hairstylist Alex Pardoe makes $280K a year
By Jonathan Lansner | [email protected] | Orange County RegisterPUBLISHED: March 25, 2019 at 7:38 am | UPDATED: March 25, 2019 at 9:35 am On March 25, 1911, Fannie Lansner — an immigrant from Lithuania and a supervisor at the Triangle Waist Co. — directed co-workers out of the burning building, but her actions prevented her own timely exit. She was just 21. Apr. 1, 2011 – BROWN BROTHERS On March 25, 1911, a fire broke out in the Triangle Waist Factory in New York’s Greenwich Village. Workers tried to make their way downstairs, but the doors on their floor were always locked and the fire escape soon crumpled. Pictured: Women sitting at sewing machines in a factory, with piles of white fabric in front of them. A sign attached to the ceiling at the back says ”Fire Escape” and has a hand pointing to a window. (Credit Image: Minneapolis Star Tribune/ZUMAPRESS.com) SoundThe gallery will resume insecondsFILE – In this March 25, 1911 file photo, … [Read more...] about Triangle Factory fire deaths, 108 years ago today, remind us capitalism is by no means perfect
Randy Essex Detroit Free Press Published 7:30 AM EST Feb 9, 2019 A little Motor City blasphemy: The less time I spend in a car, the happier I am. Quick background: I’m a downtown resident, having moved back to Detroit 14 months ago after working for the Free Press from 2006-11. Faced with outrageous auto insurance costs plus rent and parking rates that are much higher than when my wife and I lived in downtown Detroit a few years ago, we decided in May to try life without owning a car. The existence of the Qline and Whole Foods, neither of which was here during our first stint, makes it possible to get groceries. Zipcar and Maven, hourly rental car-sharing operations, enable us to get to appointments outside the downtown core. Uber is an option, though we rarely use it. More: I've decided to go carless in Detroit — and it's liberating More: Detroit's temperature breaks 99-year-old cold record The warm-weather months were easy. We were deprived of nothing, renting a … [Read more...] about Life is better without a car, even in subzero Detroit weather