You were hoping for your pension und to be there for you when you retire. That was a pleasant dream. But I’m here to bring you back to reality. The cuts have come. More cuts are coming. There’s no other option.
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Sources Used in This Video:
https://goo.gl/UpprQe
Next Crisis in Finance May Be Public Pensions, $1.2 Trillion Asset Manager Says - Bloomberg
2017 Public Pension Funding Study
California Governor Candidates Dodge Pension Cuts That Brown Foresees - Bloomberg
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Sears case shows the risk of defined benefit pensions for employees - Business - CBC News
Christie panel says only benefit cuts can fix New Jersey Pension Fund - Pensions & Investments
Ohio's biggest pension fund starts talking benefit cuts
https://www.bloomberg.com/news/articles/2018-02-12/next-crisis-in-finance-may-be-public-pensions-pgim-s-hunt-says
http://www.milliman.com/uploadedFiles/insight/Periodicals/ppfs/2017-public-pension-funding-study.pdf
https://www.bloomberg.com/news/articles/2018-02-07/california-governor-candidates-dodge-pension-cuts-brown-foresees
http://www.cbc.ca/news/business/sears-pension-reduced-1.4289380
http://www.pionline.com/article/20171206/ONLINE/171209896/christie-panel-says-only-benefit-cuts-can-fix-new-jersey-pension-fund
http://www.daytondailynews.com/news/ohio-biggest-public-pension-fund-looking-benefit-cuts/FCmtalYakFX3b3givyEDvO/
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At the rate Corpmerica is producing more and more cheap processed GMO food loaded with fat, salt, sugar and artificial additives, pensioners may not last that long to cause a shortfall...
Sad but true!
The PENSION FUND CRISIS is real. It doesn't get enough attention because people can only think about today. This is in part by design but also because too many people simply don't care about anything that isn't entertainment or indulgence.
Are you legitimately concerned about the obvious pension shortfalls that are coming?
I am concerned about pensions being reduced and social security playing a smaller factor in retirement.
I like your videos, you bring up interesting topics.
I appreciate you watching. Thank you.
I have been hearing about this potential for the last few years, and it appears it is about to declare itself, from what you are saying. Any suggestions? Thanks for posting.
Basically, don't rely on this at all. Invest in something now that will pay you for years to come. Passive income is the best strategy.
Yet another excellent video. Thank you.
Thank you for watching.