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As life expectancy at retirement increases the NDC annuity formula becomes less generous, which cuts the value of pensions.
But in many countries real rates are not particularly low, and tax relief on mortgage payments also becomes less generous as nominal interest rates fall.
On average, premiums for health plans people buy for themselves would decline over the 10-year period, as coverage becomes less generous.
Even as private health insurance becomes less generous to both health care providers and patients, government programs like Medicare and Medicaid are slashing the fees they pay.
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Perhaps most important, society has become less generous to them.
Three, as unemployment has deepened, benefits have become less generous.
Social Security, Medicaid and Medicare may become less generous.
Why does he think people have become less generous?
Unemployment, though falling, is high at a time when social protections have become less generous.
Unemployment benefits became less generous; same with food stamps, welfare payments and the minimum wage.
As public offerings become less generous, venture capitalists will step in with some of their own excess cash.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com