Pensions, Insurance, and Personal Finance: Key Recent Changes and Risks
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Pensions, Insurance, and Personal Finance: Key Recent Changes and Risks

In the USA, one of the largest pension system changes in years took place. On January 5, 2025, President Joe Biden signed the Social Security Fairness Act, which eliminates two controversial mechanisms: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These rules had for decades reduced Social Security benefits for individuals who worked in…

Global Real Estate Market: CRE Slowdown in the USA, Multifamily Boom, and Regulatory Shakeup in the UK
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Global Real Estate Market: CRE Slowdown in the USA, Multifamily Boom, and Regulatory Shakeup in the UK

In October 2025, the commercial real estate (CRE) market in USA saw its first decline in transaction volume in nearly two years[1]. The value of sold CRE assets fell year-on-year, breaking a streak of growth and revealing a growing deadlock between buyers and sellers. Sales reached $24.4 billion[2], about 70% of the level from October 2019. Overall, in the first nine…