Tag: UK

Female Giraffe being gently nudged from male

New experiment finds progress more elusive than expected. Our recent study about debt holdings of older Americans focused our attention on how credit card debt could get people in trouble.  We, like other observers, bemoaned people’s tendency to pay the minimum required amount, and, like other observers, blamed these minimum payments on the prominence of…

African american woman saves money in piggy bank with a confident expression on smart face thinking serious

Unlike the United States, the United Kingdom has implemented bold reforms to its retirement system over the past decade. Two of the biggest changes were gradual increases in the minimum age for collecting a pension under the national social security program and requiring private employers to automatically enroll their workers in an employee savings plan…