Financing Retirement
Impact depends on sources of income, asset holdings, and the amount of fixed-rate debt. In June 2022, U.S. inflation peaked at 8.9 percent – a dramatically high level after nearly three decades of relatively stable prices. A shock of this magnitude must surely have affected the retirement security of near retirees and retirees. The question…
Abstract Georgia, like many other Eastern European countries characterized by an aging population and limited public financial resources, offers virtually complete non-contributory public pension coverage aiming at reducing poverty and inequality. However, like many other countries in the region, Georgia’s pension spending and budget deficits are projected to increase and remain at high levels for…
