Everyone grows old, but how can the elderly age with grace without becoming a burden to their children? Traditionally, Chinese people believed in the concept of “raising children to care for oneself in old age.” However, this might not be practical anymore. As we see a trend toward fewer children in families, many young couples ...
Saving for a comfortable retirement can seem like rocket science. However, with the right savings and investment strategy, it definitely isn’t impossible. How many people over 30 seriously consider how their retirement will look financially? It seems like it would be easier to put it off than to think it through. But looking at some suggestions on ...
In the U.S., the average age of retirement is around 64 years old. Some people retire when they are 60 or even earlier at 55 years of age as the idea of a quiet, calm life seems too appealing to postpone any further. However, many people have started to think that they should work until the ...
In a recent note to clients, financial services firm Raymond James accused the Millennial generation of being responsible for slowing economic growth. Younger people are apparently saving more money rather than spending, which ends up negatively affecting the performance of the economy. People born between 1981 and 1997 are usually considered Millennials. Higher savings “The ...
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