Word: socialism
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Dates: during 2000-2009
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...Clearly the notion of retiring at age 67 or 65 is behind us. People are looking at that through the rearview mirror," says Thompson. Workers have been rattled by the lost equity in their homes, retirement-plan losses and long-term concerns about Social Security. "Those are three key drivers that are affecting people psychologically," he says...
...study showed workers have also become more skeptical about government benefit programs' being there for them in retirement. Approximately 42% said they were "not at all confident" that they would receive Social Security benefits in retirement that would be comparable to the benefits current retirees receive, which is up from 33% a year ago, and 38% were skeptical they'd get Medicare benefits at comparable levels to today's retirees, up from 27% a year earlier...
Many people banked on their portfolios to generate annualized returns of 8% to 10% a year, and much of that was wiped out during the stock-market correction of the past two years, says Corbin. Also, many are concerned about cuts to Medicare, Medicaid and Social Security benefits and the solvency of financial institutions such as banks, insurance companies and brokerage firms. "All of that thrown into a pot gives a tremendous amount of uncertainty to older people," he says...
Over the past twenty years, Ho, an accomplished baritone saxophonist, has dreamed up inventive compositions, theater productions, multicultural ensembles, and literary works which fuse the African-American roots of the jazz tradition with his Chinese-American heritage and his commitment to social justice...
Today, his productions combine martial arts, dance, poetry, and music to represent cultural unity, social struggle, and power...