Speaking at the 2022 SVIA Fall Forum, Kelli Faust, Corporate Vice President, and Actuary at New York Life Insurance Co., said that in affluent and mass affluent households many retirees are unnecessarily constraining their spending and living below their means. That means they’re not availing themselves of the lifestyle they claimed to want. She said living below your means could be considered the “other” retirement crisis.

On October 11, five investment managers responsible for overseeing more than $100 billion in stable value and fixed-income assets discussed their craft—and its current challenges—during a presentation at the 2022 SVIA Fall Forum. There was nothing particularly unusual about the topic, but there was something notable about the panelists: All were women.

The American population is changing. Generation Z—Americans born between 1997 and 2012—is the first majority non-white generation in the nation’s history. As a group, Gen Zers are more progressive in their political views than their parents and grandparents, but less likely to affiliate with a political party.

These are precarious times for democracy, says author and foreign policy analyst Evelyn Farkas.
And while democratic nations naturally have the primary responsibility for responding to that
threat, Farkas says businesses can play a role, too.

Even with just two months left in the year, 2022 could still see passage of the SECURE Act 2.0, an expansive package of legislation aimed at strengthening retirement savings in the U.S. If the legislation doesn’t pass by December 31, however, its chances of being enacted in 2023 are likely to shrink, a panel of attorneys agreed during the 2022 SVIA Fall Forum in mid-October. The panel was moderated by Shane Johnston, portfolio manager at Morley Capital Management.

Considering the deep political divisions in the U.S., Congress has been remarkably effective at
passing bipartisan legislation over the past year, says A.B. Stoddard, associate editor and columnist for RealClearPolitics, a political news website and polling data aggregator. But the upcoming mid-term elections are likely to turn on narrow margins, she cautions, and the political climate could become even more tumultuous next year as the country builds toward another presidential election in 2024.