Generation Archives - DR News - News, Retirement, Finance

‘Sustainable Korea’s Future Hinges on 1960s Generation Retirement Challenges’

Seoul, South Korea – Retiring in a developed nation with a significantly higher standard of living than when they entered the workforce, Koreans born in the 1960s face a critical juncture that will determine the future sustainability of their country. The unique life experiences of this generation, shaped by economic growth, societal shifts, and changing demographics, have positioned them as a key demographic in South Korea as they approach retirement. Having weathered the “three lows” …

Pensions to be Revolutionized with Germany’s ‘Generation Capital’ Plan According to New Proposals

Berlin, Germany – With Germany’s baby boomers from the late 50s and 60s now reaching retirement age, the country faces a challenge of supporting an increasingly aging population while dealing with a shrinking workforce. The pension system, established in 1889, relies on a public retirement insurance scheme where contributions from the current workforce support the pensions of retirees – a system known as the “intergenerational contract.” In the 1960s, there were six workers for every …

Retirement Reinvented: Embracing the “Third Half” of Life with Mindset Shifts for New Generation Retirees

Paris, France – The concept of retirement is evolving rapidly, no longer seen as the end of one’s life but rather a new chapter filled with opportunities for growth and reinvention. With retirees now living longer and healthier lives, the traditional notion of retirement is becoming outdated. Instead, the retirement years are being rebranded as the “third half” of life, a period where individuals can continue to thrive and explore new interests. Retiring can be …

Frugal Habits Harmful to Pass on to Next Generation: Experts Share Insights

Los Angeles, California – When it comes to teaching children about money, many parents draw from their own experiences growing up. Some lessons learned from frugal parents are timeless, while others may need to be reevaluated for today’s generation. Blanca Garcia, a registered dietitian nutritionist, and Miriam Caldwell, a writer in Los Angeles, both share insights on the money lessons they inherited from their thrifty parents. While they value the importance of being mindful with …

Income Generation Strategies for Retirees Amid Shifting Bond Yields

Washington, D.C. – Retirees seeking to generate income from their investment portfolios may need to reassess their strategies in light of current market conditions. In today’s environment where bond yields exceed dividend yields by 300 basis points, investors focused solely on income generation may find their equity allocation needing adjustment, according to financial experts. Certified financial planner David Blanchett emphasizes the importance of balancing income and price returns in a portfolio for those looking to …

Generation Z Redefines Financial Literacy with Trendy Money Language as US Schools Fall Short

New York, US – Many US schools have been falling short when it comes to teaching financial literacy, leaving an entire generation burdened by money issues to develop their own unique language around the topic. The lack of education on subjects like insurance, credit card debt, and retirement savings has led young Americans to seek financial advice from unconventional sources, including social media platforms like TikTok. A survey by Forbes Advisor revealed that 79% of …

Generation X’s Retirement Readiness: The Growing Wealth Gap and its Impact on Retirement Plans

Astoria, Oregon – Many members of Generation X are feeling unprepared for retirement, according to a recent article by Fortune. The oldest Gen Xers, born in 1965, are just a few years away from traditional retirement age, but concerns about financial readiness are growing. The article received hundreds of emails from Gen Xers expressing worry about their retirement preparations. An overwhelming number of non-retired Gen Xers are not confident in their ability to achieve a …