Armstrongeconomics – The Pension Crisis Report

Discover the origins of pensions and how mismanagement has led to civil wars across history. This is page 87-Also, page report discusses

Armstrongeconomics – The Pension Crisis Report

Prior to the rise of pensions, the elderly were supported by their families and spouses. Private annuities gained popularity as people became more educated. Pensions have a similarity to disability insurance. Socialism has made pensions more popular and have replaced the family as support for the aged. Combining unfunded pensions with poor demographics, in which the elderly make up a larger portion of the global population, is leading to a situation that could lead to the collapse of all governments. The Future retirement prospects are in serious danger The The central banks are stuck and cannot reverse their course without admitting that they are wrong.

Explore the origin of pensions and how their mismanagement has destroyed civilizations throughout history. This is page 87-The page report discusses the many factors that contributed to the crisis and current fiscal policies. It also explains why your 401(k), may be at risk.

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