Does America Lead the World In Retirement Problems?

Globe - Feb 18 BlogThere’s an old saying: When America sneezes, the world catches a cold.

That phrase usually refers to an economic slowdown that causes relatively large problems for other countries.

Is the same contagion applying to retirement trends?

Indeed, the changes in U.S. retirement trends that I’ve been studying and writing about for years are taking hold elsewhere in the world. A recent article by the Associated Press (AP IMPACT: The World Braces For Retirement Crisis) noted:

“Many people will be forced to work well past the traditional retirement age of 65 — to 70 or even longer. Living standards will fall, and poverty rates will rise for the elderly in wealthy countries that built safety nets for seniors after World War II.”

China, Japan, Britain and Australia are among the large countries experiencing similar problems to the U.S. when it comes to the preparations their populations are taking for the future:

— The end of traditional pension retirement plans.
— Low savings rates.
— Faltering retirement systems.

One remedy being tried in other countries is mandatory retirement savings through automatic enrollment in retirement plans. Similarly, a number of years ago an “opt out” provision for U.S. employer 401(k) plans replaced the prior “opt in” practice.

Preparing for and funding retirement will be a pressing issue for decades to come. How individuals and families — as well as employers and government leaders — in the U.S. and other countries respond will define the future. I don’t know what all the solutions are, but I’m confident that good old American ingenuity will play a positive role.

What changes do you think would improve the retirement situation in this country?




Sharon Emek, Ph.D.
Founder and CEO
Work At Home Vintage Experts (WAHVE)

Memorable New Year Wishes for 2014!

WAHVE Blog: New Year 2014!“Cherish all your happy moments;
they make a fine cushion for old age.”
— Christopher Morley, American writer

Here it is: 2014! Happy new year to you and yours.

WAHVE is entering its fourth year. Like that bouncing baby, we’re full of vim, vigor and vitality. We’re buoyed by our past but we’re so eager about the future.

Yes, all of us at WAHVE are raring to go — from our founders to our advisory board to our staff members to our hundreds of wahves. We’re also raring to grow. We’re on a mission to make the insurance industry more effective and efficient by offering WAHVE’s unique experienced outsourced staff solutions to insurance firms. And we’re ready to learn and know more about how we can serve the industry that we all know and love.

We only do all that through the support of our industry colleagues and clients. As 2014 dawns bright, all of us at WAHVE also look forward to helping our peers around the industry.

Sharon Emek, Ph.D
Founder and CEO
Work At Home Vintage Experts (WAHVE)