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‘Super-Savers’ quietly amass cash during COVID-19

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Despite widespread unemployment and hardship during the COVID-19 crisis, one class of Americans has thrived: the newly dubbed “Super-Savers.” Still earning comfortable incomes, these upper-class and upper middle-class workers have seen their cash stockpiles grow as vacationing, dining and other leisure activities have been limited. Just how much are these Americans saving during this unprecedented […]

Pension withdrawals surge in UK

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In the UK, pension programs are noticing a record increase in the number of people taking full or partial withdrawals from their pension funds. In fact, during 2019-2020, the country saw a 55% jump in those making complete withdrawals compared to the previous year. How do these withdrawals run counter to expert advice about saving […]

How to find balance as an actuary

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Every actuary is different. And yet, when you talk to enough actuaries, some commonalities emerge: they share a love for math, a passion for solving problems and a desire for flexibility in their work. For actuary Nikita Sabade, senior consultant at Deloitte, her role has given her the chance to use all of her natural […]

Workers fear furloughs will become permanent cuts

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When the COVID-19 crisis began, numerous companies and organizations began to furlough employees or lay them off entirely. Many employees assumed these cuts were temporary—that they would return to their jobs once the worst had passed. However, workers and companies are now confronting a new reality, that the job losses may be permanent. In the […]

Actuaries Institute issues pandemic briefing

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The effects of COVID-19 on individual health has been widely discussed, but what are the effects of the pandemic on the life insurance sector? The Actuaries Institute has begun to investigate. In the full briefing, read the group’s prediction on how COVID-19 will affect morbidity claims, including both direct and indirect claims. Plus, find out […]

COVID-19 leaves its mark on mental health

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Heath experts and the general public continue to discuss the variety of physical symptoms associated with COVID-19. But fewer people have looked at the mental impact of the pandemic itself. And judging by the data, that impact has already been significant. According to research, COVID-19 has led to increases in anxiety, depression and other mental […]

Experts share troubling outlook for COVID-19

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As the world continues to struggle to control the spread of COVID-19, both scientists and economists are sharing bad news about the pandemic. In fact, early August saw the highest daily global case count of any day this year. In this roundup of COVID-19 news from Actuaries Digital, find out which four countries account for […]

How will Covid-19 affect retirement plans?

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As a result of the Covid-19 pandemic, global financial markets are on an uncertain footing. And for anyone preparing for retirement, the current volatility could have major impacts on their immediate future. In the full article from the Pension Rights Center, learn how the pandemic and the recent CARES Act affect 401(k) plans and allow […]

How Covid-19 could change auto insurance

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One thing is certain for the auto insurance industry during Covid-19: people are driving less and less. And as the virus persists, insurers are adjusting to a new world with lower premiums and fewer policy claims. Will the Covid-19 crisis change auto insurance forever, or just for a short time? What happens if a large […]

Why one doctor hopes we never return to ‘normal’

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During the Covid-19 crisis, many of us have expressed a desire to get back to normal. To return to a life before the age of masks, social distancing and widespread uncertainty. But for one doctor, this experience provides hope for how our society and medical system can change for the better. In the full article […]