(FS.6.06) Personal Finance Your browser does not support the audio element. [New] Even if sport can return this year, the global recession likely to follow will surely affect business for years, especially in areas like transfer fees, wages, broadcast deals and prize money. Taking into account the exit of pilots who will reach mandatory retirement age over the next year, Delta would still have between 2,500 and 3,500 more pilots than needed to fly its schedule in the third quarter of 2021 The European country with the highest rate of real salary increase is Ukraine, where employees will see a 4.1% rise in 2020. Online behemoth Amazon has warned it could post its first quarterly loss in five years as it spends at least $US4 billion to protect workers from the virus outbreak, increases wages and hires more staff to cope with increased demand for products amid government lockdowns. Mortgage rates in the U.S are anticipated to remain low, which could ramp up competition in the busy season of 2020, making January a smart time for buyers who want to avoid bidding wars. In Ukraine the retirement age is to be increased gradually to 60 years for women and 62 years for men-civil servants by 2021. In Taiwan the retirement age is to be increased gradually and reach 68 years by 2028. In Ireland the retirement age is to be increased gradually and reach 68 years by 2028. In Germany the retirement age is to be increased gradually and reach 67 years by 2029. In Bulgaria the retirement age is to be increased gradually and reach 65 years by 2029 for men and by 2037 for women. In Austria the retirement age for women is to be equalized to the retirement age for men by 2033. The majority of Japan's population will soon be above the age of 60 (retirement age), causing a labor deficit. Australia wages growth has been weak, and if the slowdown in growth persists, unemployment is expected to rise. Lower mortgage rates and rapid population growth led to a strong rebound in Canadian existing home sales earlier this year, but sales will weaken sharply in the near term due to widespread layoffs. If roughly one-quarter of US residential borrowers are unable to pay their mortgage and need forbearance for three months to nine months, servicers could be on the hook for from $36 billion to $100 billion, the Mortgage Bankers Association has estimated. Retirement Age Men in Kazakhstan is expected to reach 63.00 by the end of 2020. Retirement Age Men in Hong Kong is expected to reach 65.00 by the end of 2020. Retirement Age Men in Malta is expected to reach 63.00 by the end of 2020. The introduction of the UK National Living Wage will increase the cost of seasonal wages for grower businesses by 35% over the period 2016-2021, equivalent to an average annual rate of wage inflation of just under 7% a year. Japan will continue to struggle with low inflation over the foreseeable future as global uncertainties weigh on economic growth prospects, limiting wage growth and demand-driven inflationary pressures. While the Canadian housing market appears to be stabilizing, a wave of five-year fixed mortgage rate resets set to take place next year will spark new risks for the economy. Up to 2050 the ageing population is partly caused by the 1945-1964 baby boom generation reaching retirement age and then moving into old age. See full forecast Last updated: 25 May 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
