A Serious Pension Crisis Is Here!!

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Many economists incorrectly state that pension plans first emerged in Europe in the 19th century, but actually, pension plans go back to the 1300’s in England and even back to 300 BC in Greece for military service

The first modern day pension was actually created in England in 1908 with the first nationwide pension following in 1948 just after WW2

The problem is, these pension funds were developed under very different living conditions from today in terms of: life expectancy, working age & population growth

The way that the most risky (but not all) modern day pension schemes work now is quite simple. And if you understand how a Ponzi scheme works, then you're not too far off. Those who are working - GIVE to the scheme, and those who are retired RECEIVE from the scheme, this is a form of a Ponzi scheme no matter how you dress it up

So here's the main problems that almost no one is talking about...
Pension plans globally are heavily invested in risky assets. This is how they are able to get such high returns. The fixed-income aspect has been steadily declining for years

And remember, the more profit the fund makes, the more ..