President William Ruto came to power in Kenya in 2022, promising to make life easier for the average Kenyan. But seven months into his presidency, Ruto’s chief economic adviser tweeted in April 2023, “Salary or default? Take your pick.” A month later, the government withheld salaries for thousands of civil service workers to save money […]
This story was produced by Spotlight Delaware as part of a partnership with Delaware Online/The News Journal. For more about Spotlight Delaware, visit www.spotlightdelaware.org. Delaware lawmakers will not hold hearings this legislative session to consider the Carney administration’s surprise multimillion-dollar decision last winter to revamp the state’s pension system for retired lawmakers, according to Senate
Global stocks were mixed on Thursday as Europe prepared for key elections, the United States awaited influential inflation data and a presidential debate and Japan considered moves to strengthen the yen. The Japanese currency scraped only a small gain against the dollar after hitting a 38-year low on Wednesday, putting investors on alert for possible
Lee, a 21-year-old college student, works part-time at a coffee shop in Gwangak-gu, Seoul, to earn pay four days a week from 7pm to 10pm, which amounts to just three hours on shift. Despite this short work period, Lee spends another two hours moving. After requesting more hours, Lee was informed by the business owner
The Bank’s Financial Policy Committee, chaired by Andrew Bailey, the Governor, singled out France in particular. He said: “Policy uncertainty could increase existing sovereign debt pressures and interact with pressures on public sector debt levels in major economies, geopolitical risks and risks related to global fragmentation. “These factors and their possible interaction make the economic
New York CNN – Help may not be on the way for first-time home buyers frustrated by high mortgage rates and even higher home prices. Economists at Bank of America warned this week that the U.S. housing market is “stuck and we’re not convinced it’s going to stall” until 2026 — or later. The bank
According to a study by Principal Financial Group, 59% of respondents who thought they were contributing to their 401(k) actually weren’t. – Getty Images How do you pay for something when you don’t know how much it will cost or how long it will take? This is the current US pension system and many experts
The cushion of pandemic savings that helped Americans weather high prices in recent years has been depleted, contributing to the loss of consumer firepower that is flooding the US economy. Delinquencies are increasing. Executives are showing caution among buyers in recent earnings calls, and retail sales barely rose in May after falling a month earlier.
Achieving a million dollar retirement can seem like a daunting goal, especially since the average retirement savings for American families is about $87,000. However, with strategic planning and consistent effort, it is entirely possible. Below is a summary of the steps you can take to begin your journey to a seven-figure retirement. The person who
CHENNAI: Minister of Special Program Implementation Udhayanidhi Stalin on Thursday announced a five-year program — called Tamil Nadu Employment of Women and Security — with an investment of Rs 1,185 crore and support from the World Bank. A number of initiatives will be undertaken under the scheme, including conducting a psychometric test for government school