For all the jokes about baby boomers having to eat dog food in retirement, it’s beginning to look like millennials will be lucky to afford even the store brand.The problem is their student debt.Experts have worried for some time about the impact millennials’ historically high levels of debt (currently averaging $31,000 at graduation) could have on their retirement savings.Now, in a paper released this week, the Center for Retirement Research at Boston College has attempted to quantify the problem. And the result isn’t pretty.The center calculates what it calls the National Retirement Risk Index (NRRI), an estimate of how many households won’t be able to maintain their standard of living after they retire. The index has been rising steadily since the early 1980s, starting at 31% in 1983 and peaking at 53% in 2010. As of 2013, the most recent year available, it stands at 52%. continue reading » 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Kevin Phillips could leave Crystal Palace little more than a month after firing the Eagles back into the Barclays Premier League after admitting to being tempted by an offer to move away from Selhurst Park. After the 39-year-old striker scored the decisive penalty in the play-off final defeat of Watford, Palace boss Ian Holloway hinted he was prepared to offer Phillips a new deal, but the former England frontman could now move on. “My agent has been speaking to Palace and the chairman (Steve Parish) – there have been a few figures bandied around but we’re a bit apart on them,” Phillips told the Croydon Advertiser. “I do have offers elsewhere and if I’m being honest, there is one real offer which I’m very, very tempted by.” He added: “There are a couple of other offers that may materialise over the next week or so too. But there is certainly an offer there for me that is very tempting. It’s at a good level that certainly interests me. “There are certainly different offers out there on the pitch and even off it for me, and at my age I’m delighted at these people expressing their interest. “The week after next will be an important week for me.” Press Association
Charles Flaherty will represent Puerto Rico in the alpine skiing category The Caribbean will be represented by only two nations at the Winter Olympic Games, so get ready to cheer as the opening ceremony gets underway from Pyeongchang, South Korea this Friday, Feb. 9th. Jamaica will compete in the bobsleigh and skeleton competitions while Puerto Rico will compete in Alpine skiing. Jazmine Fenlator-Victorian, Carrie Russell and Audra Segree are the first Jamaican women to qualify for the bobsleigh competition at the Games. Jamaica’s women’s bobsleigh team to compete at 2018 Winter OlympicsAnthony Watson is the first athlete to represent Jamaica in skeleton at the Winter Games. He received a late call-up to the competition after several countries declined places for the event. Jamaica’s contingent in South Korea will be completed by Chris Stokes, president of the Jamaica Bobsleigh and Skeleton Federation; Leo Campbell, chef de mission; and Dudley Stokes, team captain. Jamaica’s sports minister, Olivia Grange, said she is confident of a podium finish for Jamaica. “I feel that the girls will make the podium,” was the minister’s optimistic assessment. Seventeen-year-old Charles Flaherty is representing Puerto Rico. The Games run from February 9 to 25.