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

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 time? And how are “Super-Savers” trying to help their friends and neighbors in this crisis? Read more in the full article from The Atlantic. Read

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Pension withdrawals surge in UK

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 for retirement? And how will changing regulations affect the number of advisors who can provide guidance on withdrawals? Find the complete analysis in the article

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How to find balance as an actuary

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 abilities and more. In the interview from The Actuary, learn how Sabade finds balance during her workday, even while working from home. And read her

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Workers fear furloughs will become permanent cuts

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 full article from USA Today, find out why experts say the economic effects of the virus may be felt for years to come. Plus, learn

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Actuaries Institute issues pandemic briefing

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 how morbidity is intertwined with macroeconomic factors surrounding the virus. And explore additional resources that include long-term economic forecasts related to unemployment. Read More

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COVID-19 leaves its mark on mental health

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 disorders. The experience has also harmed the mental health of doctors, nurses and other providers. Read more—including how these mental health issues will affect the

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