Register or log in to explore all our content and services for free on Admin Junkies.
While baby boomers are working longer, their inevitable retirement will have widespread effects on the American economy. Expect high impacts on consumer spending, as retirees not only produce less but also consume and spend less.
While state and federal pensions are typically adjusted for inflation, most private pensions are not. A 2000 Bureau of Labor Statistics survey reported that only nine percent of blue collar and service industry employees who are in traditional pension plans received an automatic cost of living adjustment in that year.
The retirees are considered to be an important component of my country's economy primarily because they help keep our economy running by saving their money little by little which then, in turn, get used by our government for different kind of development works.
when it comes to the issue of pensioners,i don't think the fraction of money they earn as salary which is been paid as pension would affect the economy,because from when they began their service,some amount is been saved for this purpose.Pensioners are meant to enjoy their pensions as rewards for spending their active life in service to their country either through the public or private sector. Another thing is that those monies were actually saved up in the course of their active service, so, I wouldn't think they would affect the economy in any negative way.
So long as they are in the country, they would affect the country's economy.While baby boomers are working longer, their inevitable retirement will have widespread effects on the American economy. Expect high impacts on consumer spending, as retirees not only produce less but also consume and spend less.
While state and federal pensions are typically adjusted for inflation, most private pensions are not. A 2000 Bureau of Labor Statistics survey reported that only nine percent of blue collar and service industry employees who are in traditional pension plans received an automatic cost of living adjustment in that year.
The retirees are considered to be an important component of my country's economy primarily because they help keep our economy running by saving their money little by little which then, in turn, get used by our government for different kind of development works.
Pensioners would affect the economy positively even if not so significant as the working class population. They still engage in one economic activity or the other which would boost the economy.No! Pensioners do not adversely affect the nation's economy status because they're entitled to that. It is part of the money that was deducted while they were still in service that are being disbursed after retirement.
Log in or register to unlock full forum benefits!
As a webmaster community we provide fresh content on a daily basis. We aim to be the best admin and webmaster community around. Discuss various aspects, promote your project, and learn to be better by fellow webmasters. Browse through our Articles for helpful tips and tricks.
By registering with us, you'll be able to discuss, share and private message with other members of our community.