Afford

Migrant Workers Struggle to Afford Retirement in Ageing China

Beijing, China – The rapidly aging population in China has presented a pressing issue – millions of migrant workers are unable to afford retirement. As the country continues to grow older, the economic challenges faced by this vulnerable group are becoming more pronounced. For many migrant workers in China, retirement remains a distant dream due to financial constraints. Without adequate savings or pension plans, they are forced to continue working well into their old age …

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Social Security Recipient Struggles to Afford Basic Necessities After Cost of Living Adjustment

Louisiana, USA – After suffering a debilitating back injury, 36-year-old Vanessa Vallon relies on Social Security disability benefits to make ends meet. When she learned of the 8.7 percent cost of living increase in Social Security payments last year, she hoped it would ease her financial burden. Vallon, a Louisiana resident, began receiving disability benefits in 2019 after a back injury left her temporarily paralyzed from the waist down and in need of mobility aids …

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Pensions in Rhode Island: Can the State Afford Cost-of-Living Raises for Retirees? New Report Analyzes Options

Providence, Rhode Island – Amidst financial concerns, Rhode Island is contemplating the possibility of reinstating cost-of-living adjustments for retiree pensions. A recent report delves into the various options available to the state to address this issue. The potential decision holds significant implications for retirees who rely on these pensions. As the state grapples with budgetary constraints, the feasibility of providing these raises is being carefully evaluated. Residents, lawmakers, and pensioners alike are closely following the …

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