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And this is a big part of the reason the majority of pension systems in Europe are going to be bankrupt within 10 to 15 years. (The other part being the inverte
by alecco 8y ago
And this is a big part of the reason the majority of pension systems in Europe are going to be bankrupt within 10 to 15 years. (The other part being the inverted population pyramid)
- jacksproit 8y agoYou shouldn't make statements about the future with such confidence, it is impossible to predict what will happen with any real degree of certainty.
- alecco 8y agoThat's from projections of population and liabilities. A huge amount of people will retire in 10-15 years. [1] https://www.populationpyramid.net/western-europe/2017/ https://www.populationpyramid.net/western-europe/2017/
- fauigerzigerk 8y agoThere aren't that many defined benefits workplace pension schemes left. Some have already gone bankrupt. Others were restructured into defined contribution schemes. And state pension schemes are not usually investment based at all. They are usually funded by current social security contributions and taxes. If they go bankrupt it's for political reasons. More likely than bankruptcy is that many people will receive lower pensions than they had hoped for.