Jim White shared how he reached FIRE — Financial Independence, Retire Early — and retired at 43.
Senior officials in Brazil's economic team are signaling a need to curb pension spending in order to shore up public accounts, although their biggest challenge may be convincing President Luiz Inacio Lula da Silva to take such a measure. Despite a sweeping 2019 pension reform, spending on retirements and pension benefits continues to surge, affected by an aging population and Lula's policy of boosting benefits by more than inflation. Treasury Secretary Rogerio Ceron said last week that pension expenses "still deserve attention" and may require "measures that allow the dynamics of this expenditure to have growth compatible with medium- and long-term fiscal sustainability."
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