There was a ClA report in 2014 called The Challenge of Longevity Risk. It pointed out governments had no idea how they were going to meet $20 trillion in unfunded pension promises in a low-interest-rate environment.
Elon Musk tweeted a month or so ago that it was really $30 trillion, on top of the current national debt. He tweeted, "Som…
There was a ClA report in 2014 called The Challenge of Longevity Risk. It pointed out governments had no idea how they were going to meet $20 trillion in unfunded pension promises in a low-interest-rate environment.
Elon Musk tweeted a month or so ago that it was really $30 trillion, on top of the current national debt. He tweeted, "Something's got to give."
So I wasn't surprised when they jammed shots into boomers' arms. I was surprised at the workplace mandates though. Those seemed targeted at the upper middle class and specific populations like healthcare personnel. I think they plan to control healthcare costs with a shortage of doctors and nurses.
Unless they're all index-linked inflation can eat those pension pots away very nicely.
Certainly my mortgage company owns a lot less of my house than they were expecting just a few shorts years ago. Without much more than a lick of paint my rural house has inflated by 40%, the amount I owe the mortgage company seems piddling now.
There was a ClA report in 2014 called The Challenge of Longevity Risk. It pointed out governments had no idea how they were going to meet $20 trillion in unfunded pension promises in a low-interest-rate environment.
Elon Musk tweeted a month or so ago that it was really $30 trillion, on top of the current national debt. He tweeted, "Something's got to give."
So I wasn't surprised when they jammed shots into boomers' arms. I was surprised at the workplace mandates though. Those seemed targeted at the upper middle class and specific populations like healthcare personnel. I think they plan to control healthcare costs with a shortage of doctors and nurses.
Unless they're all index-linked inflation can eat those pension pots away very nicely.
Certainly my mortgage company owns a lot less of my house than they were expecting just a few shorts years ago. Without much more than a lick of paint my rural house has inflated by 40%, the amount I owe the mortgage company seems piddling now.
Good point, UK refugee.