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The ill effects on finances as a result of divorce due to child support, alimony, reduction in income, Being financially strapped robs you of your ability to save money, your dignity, and your security blanket. How can one feel secure when it is a struggle to maintain adequate food, clothing, shelter and other necessities?
The Social Security and National Insurance Trust (SSNIT) has set an ambitious target to enrol about one million self-employed people on the...
The Minister of State at the Ministry of Finance, Dr Mohammed Amin Adam, has revealed that government’s indebtedness to various pension...
Executive Summary: Few people understand how Social Securityoperates. In many cases, the meanings of terms used (e.g., trustfund) are different from the meanings conveyed when the same termsare used in the private sector. If Social Security's impendingfinancial problems are to be avoided, informed citizens mustmeasure reform options against the existing program's operatingstructure and practices.
If Social Security personal retirement accounts had been availableto baby boomers, they would have substantially increased the babyboomers' net worth, especially among low-wealth families.Additionally, the gain in retirement security would be between$41,000 and $214,000 at age 65, in inflation-adjusted 2001 dollars.