Protests have erupted in France as President Emmanuel Macron pushes for pension reforms that would increase the retirement age from 62 to 64. Over a million people have participated in demonstrations, resulting in piles of garbage due to striking garbage collectors and major disruptions in public transportation.
Meanwhile, lawmakers in the United States are considering changes to entitlement programs, with some suggesting an increase in the full retirement age. The Congressional Budget Office has projected that the trust funds that pay for retirement benefits will become insolvent around 2032, which could result in a 20% reduction in benefits for both current and future beneficiaries.
Alicia Munnell, the director of the Center for Retirement Research at Boston, warns of the potential impact of these cuts.
2023-03-27 21:59:24
Source from finance.yahoo.com