Their workplace pensions have become less generous, as has Social Security, and their medical expenses have risen.
As life expectancy at retirement increases the NDC annuity formula becomes less generous, which cuts the value of pensions.
Packages for expats have become less generous in many emerging economies as more senior positions have become localised.
As public offerings become less generous, venture capitalists will step in with some of their own excess cash.
However, the finding that income and wealth inequalities in quality of life are substantial across all welfare states perhaps indicates that in older age, financial resources are most important for well-being, and as welfare states have become less generous in recent years, they may not have been successful at reducing income and wealth inequality and its potentially negative effects.
Three, as unemployment has deepened, benefits have become less generous.
If our experience with block grants serves as precedent, it is most likely to become less generous over time.
It is evident from this chart that, other things being equal, nurse households at the lower end of the income scale remit a very similar proportion of income to the rest, but, as income levels increase and although their remittance levels increase, they become less generous than the rest in a relative sense, with an increasing differential as income increases.
Perhaps most important, society has become less generous to them.
Social Security, Medicaid and Medicare may become less generous.
