Longevity risk is the biggest time bomb i know of in current financial and societal practice. The state of the art is a 90% chance of not running out of money

Longevity risk is the biggest time bomb i know of in current financial and societal practice. The state of the art is a 90% chance of not running out of money (and most people are saving well below even getting to there). In 40 years we are going to wish we created better risk pools and things like blind tontines or individually purchasable defined benefit pensions.