P307
Pension funds throughout the Western world will go bankrupt within 5-10 years as there are too many retirees and not enough workers to support the system.
What Jiang said
“These pensions will all go bankrupt in 5 to 10 years time.”
Analysis
Pension funds made incorrect assumptions about life expectancy and returns, while being managed by incompetent staff who get ripped off by investment banks. The ratio of workers to retirees has flipped from the ideal 3:1 to more pensioners than workers.
Source lecture
Status history
- 2026-05-26 · Pending (glm)