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Author Archives: Sabrina I. Pacifici

Asset Decumulation or Asset Preservation? What Guides Retirement Spending?

Asset Decumulation or Asset Preservation? What Guides Retirement Spending? A research report from the EBRI Education and Research Fund © 2018 Employee Benefit Research Institute April 3, 2018, No. 447. “The Employee Benefit Research Institute (EBRI) undertook a study examining the extent to which the non-housing assets of certain retirees changed during their first 20 years of retirement (or until death, if earlier).
  • The study relied on income and asset data from the Health and Retirement Study (HRS), the most comprehensive survey of older Americans in the country, and on spending data from the Consumption and Activities Mail Survey (CAMS), a supplement to HRS. All numbers are measured in 2015 dollars. The study shows that retirees generally exhibit very slow decumulation of assets.
  • More specifically, within the first 18 years of retirement, individuals with less than $200,000 in non-housing assets immediately before retirement had spent down (at the median) about one-quarter of their assets; those with between $200,000 and $500,000 immediately before retirement had spent down 27.2 percent. Retirees with at least $500,000 immediately before retirement had spent down only 11.8 percent within the first 20 years of retirement at the median.
  • While some retirees do spend down most of their assets in the first eighteen years following retirement, about one-third of all sampled retirees had increased their assets over that period.
  • Pensioners were much less likely to have spent down their assets than non-pensioners. During the first 18 years of retirement, the median non-housing assets of pensioners (who started retirement with much higher levels of assets) had gone down only 4 percent, compared to 34 percent for non-pensioners.
  • The median ratio of household spending to household income for retirees of all ages hovered around one, inching slowly upward with age. This suggests that majority of retirees had limited their spending to their regular flow of income and had avoided drawing down assets, which explains why pensioners, who had higher levels of regular income, were able to avoid asset drawdowns better than others…”

These 11 questions will help you decide if blockchain is right for your business

World Economic Forum: “One of the most unique aspects of blockchain is its high number of evangelists – people who believe blockchain can solve everything from global financial inequality, to the provision of ID for refugees, to enabling people to sell their houses without an estate agent. The enthusiasm to (over) promote the technology is… Continue Reading

Study: The greenest states in the U.S.

Find out how your state stacks up: “Vermont is doing the best at loving Mother Earth and West Virginia is doing the worst, according to a new survey by WalletHub that ranked all 50 states based on the current health of the environment and residents’ environmental-friendliness. “Without a doubt, the bar for being eco-friendly is… Continue Reading

Bloomberg – Sexual Harassment Cases Go Uncounted as Complaint Process Goes Private

Jeff Green, Bloomberg: “Even as women have begun speaking out about sexual harassment at work, the number of official complaints to state and federal regulators hit a two-decade low in 2017. The federal Equal Employment Opportunity Commission and its state-level counterparts received just over 9,600 complaints in 2017, according to data obtained by Bloomberg, down… Continue Reading

Creating Data Visualizations Without Knowing How to Code

Center for Data Innovation: “A research collaboration between Adobe and Georgia Tech has published a free data visualization tool called Data Illustrator that allows users to create visualizations in a graphical interface without having to know how to code. Additionally, Dutch data visualization firm Vizualism has published a tutorial for Data Illustrator to walk users… Continue Reading

Five myths about internet privacy where nothing is what is seems to be

You have precious little privacy on the web – whether you are browsing, using Facebook or Gmail, public WiFi, disk cleaning applications, or using the same “strong” passwords on multiple sites. USAToday reports – Many of us think we’re taking the right precautions, when in fact we’re putting our info at risk. The following are… Continue Reading

April 22, 1993: Mosaic Browser Lights Up Web With Color, Creativity

Remember this? I sure do…Wired: “1993: NCSA Mosaic 1.0, the first web browser to achieve popularity among the general public, is released. With it, the web as we know it begins to flourish. The web in the early 1990s was mostly text. People were posting images, photos, and audio or video clips on web pages.… Continue Reading

Book Review – ‘The Efficiency Paradox’ Review: Big Data, Big Problems

WSJ – Though technology is making our lives ever more convenient, it also may be having the unintended effect of lowering our skill set. Gregg Easterbrook reviews “The Efficiency Paradox” by Edward Tenner. “‘Big Data” is the Big Bad of our moment. Companies and governments amass enormous troves of information about our online and offline… Continue Reading

Beta Test – Daily Table of Contents – April 22, 2018

Facebook in the Spotlight: Dataism vs. Privacy | beSpacific  EPIC Sues FTC for Release of Facebook’s Audits | beSpacific  Peekier – privacy-oriented search engine | beSpacific  Global Findex Database Measuring Financial Inclusion and the Fintech Revolution | beSpacific  No One Knows How Long the U.S. Coastline Is – Really! | beSpacific  NYT – U.S. Investigating… Continue Reading

Facebook in the Spotlight: Dataism vs. Privacy

JURIST Guest Columnist Chris Hoofnagle of Berkeley Law, discusses the policing of Facebook’s privacy policies and FTC enforcement: “Are our institutions up to the challenge of protecting users from information-age problems? This is the high-level question emerging from the Facebook-Cambridge Analytica debate. While on one hand Facebook and similarly-situated companies will pay some regulatory price,… Continue Reading

EPIC Sues FTC for Release of Facebook’s Audits

“EPIC has filed a Freedom of Information Act lawsuit to obtain the release of the unredacted Facebook Assessments from the FTC. The FTC Consent Order. required Facebook to provide to the FTC biennial assessments conducted by an independent auditor. In March, EPIC filed a Freedom of Information Act request for the 2013, 2015, 2017 Facebook… Continue Reading

Peekier – privacy-oriented search engine

“Peekier (pronounced /’pi·ki·er/) is a new way to search the web. Peek through search results fast and securely on a search engine that respects your privacy. Faster information discovery – Peekier shows you a website preview of the search results. Clicking on a result will maximize the preview and allow you to scroll through the… Continue Reading