truckyboy:
.When you look at other countries pensioners, they live very well, can afford a car, and trips abroad, but we have a pension system thats way below what others get..
I forget which way round it is, but Germany and France have a 6.7 and 7.6 million euro deficit on their pension plans. They face the same problems as the UK.
A cheery little report
theconversation.com/huge-pensio … ting-88420
The net effect is that the pension industries in many countries are in a bad way. According to a Citibank report from 2016, the 20 largest OECD countries alone have a US$78 trillion shortfall in funding pay-as-you-go and defined benefit public pensions’ obligations. This shortfall is far from trivial. It is equivalent to about 1.8 times the value of these countries’ collective national debt.