We summarize four recent papers: 'Portfolios for Long-Term Investors,' 'What is the Value of Annuities?,' 'Public Economics and Inequality: Uncovering Our Social Nature,' and 'Financial and Total Wealth Inequality with Low Interest Rates.'
Many elderly poor in America have always been poor. But the elderly poor in 'Nomadland' seem relatively new to the game. We compare the people in the film to the subjects of a new research paper, 'What Explains Low Old-Age Income?'
MassMutual inks $200m deal with venture fund; Chip Castille’s fintech startup gets $2.75m infusion; Silvur has a financial wellness app; New York Life to aid low-income communities.
'Very low rates have contributed to the duration and amplitude of the stock market’s trajectory over most of the last decade,' leading to a dangerous risk buildup, writes our guest columnist, president of a global investment strategy firm.
'We see the use of a third-party onshore UK-regulated insurer as limited recourse intermediary as the logical next step in de-risking solutions,' Prudential's Rohit Mathur said.