Pension spending supports 7.5 million jobs, $1.2 trillion in economic output across U.S.

Real Estate, Food Services, Health Care, and Retail Sectors See Biggest Employment Impacts Download full report Defined benefit (DB) pensions are a substantial contributor to the U.S. economy, according to a new report. Retiree spending of pension benefits in 2016 generated $1.2 trillion in total economic output, supporting some 7.5 million jobs across the U.S. …

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New Congress Will Hold Historic Hearings On Expanding Social Security And Medicare

Los Angeles residents rally for Medicare for All | Image: Molly Adams via Flickr Creative Commons, https://flic.kr/p/W9xAZc The 116th U.S. Congress is already historic. It reflects the diversity of our country better than any previous Congress, with the highest numbers of women and people of color in history. Nancy Pelosi, the first and only female …

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If You’re Over 50, Chances Are the Decision to Leave a Job Won’t be Yours

Image: Evan Jackson via Flickr Creative Commons, https://flic.kr/p/5iYExr A new data analysis by ProPublica and the Urban Institute shows more than half of older U.S. workers are pushed out of longtime jobs before they choose to retire, suffering financial damage that is often irreversible. Tom Steckel hunched over a laptop in the overheated basement of …

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