Tag Archives: Pension
Frankly put: retirement is now a myth for the majority
by Adam Taggart
Saturday, November 18, 2017, 12:25 AM
40 years ago, a grand experiment was embarked upon. One that promised US workers: using new 'defined contribution' retirement savings vehicles such as IRAs and 401k,, they'd be better off when they reached retirement age.
Which raises a simple but very important question: How have things worked out?
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Devastating shortfalls are manifesting everywhere
by Chris Martenson
Monday, August 29, 2016, 11:39 PM
Among the many losers picked by the Fed (in favor of rewarding a very tiny and wealthy minority), perhaps the greatest victims are pensions.
Pensions have to make a couple of key assumptions. One is how long you expect your cohort of pensioners to live. The second is the rate of return on the funds. On both counts, pensions have been wrong, and wrong again.
People keep living longer and pension fund returns keep underperforming.
Daily DigestImage by kiwanja, Flickr Creative Commons
Thursday, August 8, 2013, 2:48 PM
- Martin Armstrong: Dow May Double by Late 2015
- CRA cracking down on middle-income tax cheats
- Americans Would Rather Be Skinny Than Debt-Free
- The pension downside of living longer
- Silver: The Noise is Deafening!
- Sorry, It's Not A 'Law Of Capitalism' That You Pay Your Employees As Little As Possible
- GDP Growth must Slow as Oil Limits are Reached
- Increased grazing helps improve soil
Daily DigestImage by cookbookman17, Flickr Creative Commons
Tuesday, August 6, 2013, 3:30 PM
- How did Estonia become a leader in technology?
- Worth Less, Yet Not Worthless
- Global Gold’s Quarterly Outlook – Has Gold Exited The Bull Market?
- Obama to Outline Plans for Fannie Mae and Freddie Mac
- Polls Open in Detroit’s Mayoral Primary
- Chicago Sees Pension Crisis Drawing Near
- Children Banned from Talking about Fracking as Reign of Silence Spreads
- George Monbiot: Why humans should back off and let nature heal itself
- The Energy Cost Of Food
- Risks to Global Food Supply and Impacts to Investors – Steve Yuzpe
Daily DigestImage by Rafael Amado Deras, Flickr Creative Commons
Saturday, July 20, 2013, 3:52 PM
- More Cities Should Go Bankrupt
- Going, in Uncertainty, Where No Other Big City Has
- Detroit Gap Reveals Industry Dispute on Pension Math
- Detroit’s Creditors Eye Its Art Collection
- When Gold And Silver Bottom Is Irrelevant To Your Financial Health
- Why baseball is a metaphor for life in America
- The games the rich play to avoid tax are immoral and now, hopefully, will become illegal
- Can Europe’s new designs help the UK’s housing crisis?
Daily DigestImage by CECAR - Climate and Ecosystems Change Adaptation Research University New York, Flickr Creative Commons
Thursday, July 11, 2013, 3:11 PM
- Greece's life-saving austerity medics
- World’s Biggest Challenge: ‘Ignorance in the Face of Change’ – Paul Hawken
- Who is affected by big currency movements?
- “Why did you shoot me? I was reading a book”: The new warrior cop is out of control
- Fail And Fail Well
- Dear Leader Dreams Of Sushi
- Battle lines harden over Detroit pension cuts
- NAVY LENR Patent Granted – Transmutes Radioactive Waste
- The Lac-Mégantic Rail Disaster is a Corporate Crime
- Lac-Mégantic's Disaster is the Poster Child for Fossil Fuel Folly
- Politics of Climate Change: A Well-Oiled Machine
- Urban flooding likely to worsen, say experts
- Scientists Invented New Way of Seawater Desalination
Daily DigestImage by EpSos.de, Flickr Creative Commons
Wednesday, July 10, 2013, 2:21 PM
- Illinois lawmakers seek more information in hunt for fix to $97 billion pension crisis
- IMF cuts growth forecast for U.S., world economies
- Nurses' strike hits Portugal hospitals
- Seniors find it harder to get home-delivered meals (Florida)
- Chicago gun violence: 74 people shot, 12 killed over July 4 weekend
- Job cuts: Mining companies to trim operations by 3,500 (Ghana)
- Financial Crisis Just a Symptom of Detroit’s Woes
- Furloughs Have Begun for Nearly 50,000 Full-Time Guardsmen Nationwide, Including Guam
- Mining services industry forced to adapt to end of coal boom in Queensland's Bowen Basin
- USDA: One In Six Americans Use Food Stamps
- Puerto Rico sees surge in homeless population
- Tuition at 14 Pennsylvania universities to rise 3 percent
- Eurozone jobless rate worse than OECD average
- Canadians struggle with retirement saving
- Italy's rating lowered one notch to BBB: S&P
- Gold borrowing cost hits post-Lehman high
- Study: State's pension debt spiked since February (California)
Daily DigestImage by Pedro Lozano, Flickr Creative Commons
Wednesday, May 29, 2013, 2:46 PM
- Spain's 'Lost Generation': Youth Unemployment Hits 57 Percent
- Euro shares edge higher after ECB stimulus vow
- Senior citizens struggle with mounting debt
- Student debt crisis: 'it's like carrying a backpack filled with bricks'
- Pension liabilities worry city bond-rating agency
- Next NYC Mayor facing $7.8B fiscal cliff from unions who haven't received a raise in years
- BoJ boss puts faith in Japan's 'resilience'
- Euro leaders unite to tackle soaring youth unemployment rates
- D.C. speed light cameras bring in millions for the District
- BOJ has room for more stimulus, top Abe adviser says
Unemployment, taxes & unfunded retirements are squeezing us
by Adam Taggart
Tuesday, March 12, 2013, 3:24 PM
The truth is: The three adult generations in the U.S. are suffering, and their burdens are likely to increase with time. Each is experiencing a squeeze that is making it harder to create value, save capital, and pursue happiness than at any point since WWII. At that point, we were a creditor nation with an economy exploding into dominance on the world stage. Now, however, the U.S. is the largest debtor nation and our economic hegemony is increasingly at seige across a number of fronts.
A continuation of the status quo is a decision to sleepwalk face-first into the constraints hurtling towards us.
Instead, shouldn't we stop fooling ourselves and ask: What should we be doing differently?