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Month: June 2018

Can Immigration Help Shore-Up Our Social Security Retirement System?

Can Immigration Help Shore-Up Our Social Security Retirement System?

A paper by the Bipartisan Policy Center (BPC) provides intriguing insights into the role of immigration on our Social Security retirement system. [See “America’s Demographic Challenge: Understanding the Role of Immigration,” Aug. 2017, by Kenneth Megan and Theresa Cardinal Brown]. The U.S. population has been aging rapidly the past few decades, due mainly to declining fertility rates and increasing life expectancies, a trend that is expected to continue. This demographic shift has placed a strain on our Social Security retirement…

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Retirement Likely to Be More Financially Challenging for Women Than Men

Retirement Likely to Be More Financially Challenging for Women Than Men

It’s all about the money, honey. In April [2018], the Census Bureau released data comparing men’s and women’s 2016 median earnings in over 300 occupations. In nearly all occupations, women earned less than men. Overall, women’s median 2016 earnings equaled $40,675, while men’s median earnings equaled $50,741-nearly 25% more! However, the gender pay gap varies among occupations. The widest gender pay gaps were in financial management and sales (real estate brokers, real estate sales agents, insurance sales agents), and in…

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