One day, in early-August, just before 5 p.m., Marta Perez was seen begging for money. She was doing so under the relentless sun that was beating down on San Rafael Boulevard. With her finely-wrinkled skin, striped dress, short hair and very long nails, she was like an apparition on the streets of Havana. The 70-year-old was pushing her one-year-old granddaughter in a stroller.
The most infamous example of middle-income baby boomers seeking retribution for the loss of their accumulated wealth occurred in Germany in 2009, when a retired builder and his pensioner accomplice took their financial adviser hostage after more than 2m of stock market investments had crashed.
'It's an impossible situation,' says Paul Crone, director of the National Association of Principals and Deputy Principals, of indefinite strike action
If we are serious about addressing the retirement crisis in America, corporations must be required to offer all of their workers a traditional pension plan that guarantees a monthly income in retirement.
"I urge trustees to look now at how they are outcome-focused, building scale, are data-led and supporting savers into retirement."
Chancellor Rachel Reeves' support of the Mansion House Accord risks over 30 million UK pensions by directing funds to opaque, high-cost investments.
"The survey of over 2000 UK adults highlights a significant misalignment between perceived knowledge and actual understanding of pension schemes, especially among younger adults."
To lower the cost of defence and transport spending, the UK Government is considering reducing tax reliefs, particularly on pensions and inheritance tax, as suggested by tax experts.
Labour Party spokesperson Ciarán Ahern emphasized that this announcement reflects a significant breakthrough for over 2,600 CIE pensioners who have faced stagnant benefits for 17 years.
