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Retiree spending of public and private sector pension benefits generated US$1.3 trillion in total economic output in the U.S. in 2020, supporting nearly 6.8 million jobs during the onset of the coronavirus pandemic, according to a new report by the National Institute on Retirement Security. It also found $612.6 billion in pension benefits were paid […]

  • By: Staff
  • January 9, 2023 January 6, 2023
  • 09:00
Canadians’ financial well-being on the decline: survey

The majority (84 per cent) of employees who say they’re feeling stressed are saving less than five per cent of their pay, according to a new survey by the National Payroll Institute and the Financial Wellness Lab of Canada. The survey, which polled more than 3,000 Canadian employees, also found workers are saving less than […]

  • By: Staff
  • September 20, 2022 September 19, 2022
  • 09:00
Bidenomics: More stimulus, tougher regulation and gridlock

President-elect Joe Biden will inherit a vulnerable economic recovery under threat from a resurgent virus, likely with a divided Congress that will hinder his ability to address the challenges. Yet despite the obstacles, the former vice-president and senator will pursue a drastic shift in America’s economic policy. He has vowed to reverse much of the […]