Rise

AI Advances Threaten Livelihoods in the U.S. Workforce: The Rise of Automation and AI in Action

Las Vegas, Nevada – Workers in various industries across the United States are facing a looming threat as artificial intelligence (AI) continues to advance. Amidst the struggle for livable wages at the Allegiant Stadium in Nevada and the arrival of robots in other service sectors in Las Vegas, many are concerned about losing their jobs to automation. This fear is not unfounded, as the rise of AI and automation continues to be perceived as uncontrollable, …

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“Retirement Age” Reaches New Heights: UK State Pension Age Expected to Rise to 71, Say Experts

Experts predict that workers in the UK may have to work until they are 71 before claiming their state pension due to the impact of growing life expectancy and falling birthrates on the state pension. Research on life expectancy and birthrates has shown that the current retirement age of 66 is unsustainable, and the pension age is expected to rise to 67 between 2026 and 2028, and to 68 by 2044. However, the research suggests …

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Retirement Debt on the Rise for Older Adults, Survey Finds

BOSTON, MA – A recent survey from the Federal Reserve has revealed that an increasing number of older adults in retirement are burdened by debt. According to the 2022 Survey of Consumer Finances, the percentage of individuals aged 65 to 74 with debt has risen to 65% in 2022 from 50% in 1989. Similarly, those aged 75 and over reporting debt has increased to 53% in 2022 from 21% in 1989. While limited retirement income …

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