The author of a new brief from the Center for Retirement Research at Boston College finds that state and local pension plans should focus on stabilizing their pension debt as a share of the economy rather than full funding. The alternative of fully prefunding state and local pensions to maintain fiscal sustainability will mean big contribution hikes. 

People 65 and older experienced an increase in poverty in 2021, according to the official poverty measure from the U.S. Census Bureau. The Bureau recently highlighted data from its Poverty in the United States: 2021 report originally released in September 2022 as the nation prepares to observe Poverty Awareness Month in the United States this January 2023.

There's a lot of research out there, especially regarding retirement, pensions, and investment management. And it seems everyone conducts and publishes it in some form - books, briefs, multi-page reports.

Emerging markets endured a challenging 2021, dragged down mostly by China and South Korea, which represent close to half the index. But the developing world is diverse, and many individual countries did well. We expect improvement on several fronts in 2022, and the outperformance of EM over developed markets in January—despite turbulent market performance—is also encouraging.