The Global $400 Trillion Retirement Savings Time Bomb

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Riddick
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The Global $400 Trillion Retirement Savings Time Bomb

Post by Riddick » 06-05-2017 08:49 PM

The World Economic Forum (WEF) predicts that by 2050 the world will face a $400 trillion shortfall in retirement savings. (Yes, that’s trillion, with a “T”.) The US will find itself in the biggest hole, falling $137 trillion short of what’s necessary to fund adequate retirements in 2050. It is followed by China’s $119 trillion shortfall.

Financial disaster is looming, and not because of the stock market or subprime loans. The coming crisis is more insidious, structural, and almost certain to blow up eventually. FULL STORY
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