White-collar Workers

White-collar workers are now taking pay cuts as employers start to get picky: Why the U.S. labor market may not be doing well

amefika2 months ago04 mins

At first glance, the US labor market appears healthy. According to the Bureau of Labor Statistics (BLS), the unemployment rate stands at 4.4%, a low level compared to historical standards (1.2). But behind that figure, a more worrying picture is forming for white-collar workers. And if you are currently employed, it is worth paying attention…

Social Security COLAs are not enough. Here’s how an annuity can fill that gap

amefika6 months ago04 mins

Drozd Irina / Shutterstock.com Social Security benefits have lost about 20% of their purchasing power since 2010. COLAs are calculated using a price index for urban wage earners and white-collar workers rather than the spending patterns of retirees. Seniors spend more on health care and housing, where inflation exceeds the overall rate used for COLA…