London/Paris CNN — The French government is planning to raise the official retirement age by two years as part of a long-delayed reform to the country’s pension system that prompted labor unions to call for nationwide strikes next week. New legislation will require French citizens to work until 64, from 62 currently, to qualify for … Read more
Stocks and bonds have been turning in volatile, bearish performances this year in an economy marked by high inflation and rising interest rates. But that hasn’t deterred most retirement savers, especially the youngest ones. 401(k) participants have held relatively steady in their savings contribution rates and in their portfolio allocations, according to new third quarter … Read more
Over half of young adults, or 26.6 million of those ages 18 to 29, live at home with their parents as of July, according to Pew Research Center. The number of younger Americans living at home has increased by about 2.6 million since February, prior to the outbreak of the coronavirus pandemic. In fact, the … Read more
KYOTO, Japan—The bustle of tourists has disappeared from this ancient capital—only to be replaced by dissension over whether they should ever be welcomed back. Mimiko Takayasu, 80 years old, is proprietress of a century-old tea house where geisha entertain wealthy Japanese with traditional music and dance. Until the coronavirus pandemic, the streets of Gion, Kyoto’s … Read more