We have still 57 million Americans who who don't have any savings or any retirement plan, whether it's state funded pension plans for teachers and policemen or Social Security for everyone. We all know about the looming problems in providing adequate income for retirees in the United States. But it's not just the U.S. that has a problem.Many countries may provisions for those promises, and now promises are being cashed in. And many countries are saying, oh, wait, you know, we don't want to pay the bill. Ter ...

The life expectancy does not put a strain on pension system. But what has changed is over the past 20 years there was a regime of very low interest rates you know for lots of reasons. One of them was the financial crisis.A lot of it was the way that we managed our economies was to make sure that capital investment was low. That distorted a lot of decisions. But one of those things that it distorted is that the safe assets like government bonds didn't pay as much.>> The US is hardly alone in facing the comin ...

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