What happens to the millions of People, the 10,000 daily retiring and many with Pensions. The Country is already in huge debt, 30T, plus FED's 10T, 200 unfunded obligations owed to the People, yet the People owe 100K per family in Government Debt. We should all understand just how bad this all is and stop having JUST day to Day Concerns. The Pension Funds cant make money going forward, the market is topped, even if it goes higher, so will Inflation. They use to buy bonds, now at 1.5% thus no money there. The Stock Market has to increase 10% every year from here out to maintain living standards of the retirees. A min. of 7% return to stay afoat
Yes but that's always been true. Usually what damages pensions are not the market but the bankruptcy of the company.
Unfunded pension liabilities are a huge part of government debt that often does not get counted in the official figures for government debt.
Obviously there's going to be a problem with too many people with generous pensions retiring too early. Obviously living standards are likely to be lower than these retirees were expecting. Some are wondering whether they can really afford to retire, given increasing prices from inflation.
I personally was forced to retire at least two and a half years before the earliest that I had expected to retire due to my being put on Unpaid Administrative Leave due to my not wanting to take any of these vaccines in the form that they are in so far. I just got hired for another job today though.... so I will still be a productive part of the economy for years to come.... (God wiling )!
