The Biggest PONZI In The World!! You Won’t Believe This!
Published: 2023-10-29
Status:
Available
|
Analyzed
Published: 2023-10-29
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Public pension schemes are financially unsustainable and will fail to meet their obligations to future retirees.
"public pension schemes are not viable financially and cannot therefore keep their promises to younger cohorts that will retire in the future"
Pending
Germany's initial retirement age in 1889 was set at 70 years old.
"the retirement age was set at 70 years old"
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By 1925, Germany and Britain had reduced their pension age to 65, down from 70.
"Britain also set its retirement age at 70 while the other countries put it in the mid-60s but by 1925 both Germany and Britain had reduced their pension age to 65"
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Contributions to pension pots are not saved for the individual contributor but are used to pay current retirees, a pay-as-you-go system.
"the money you save by paying into your pension is not kept for you no that money is directly used to pay today's retirees"
Pending
Germany is making efforts to increase its pensionable age to 67 by 2029.
"efforts to increase it to 67 by 2029"
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Germany's shrinking birth rate and aging population will lead to longer retirement periods, exacerbating pension system strain.
"Germany's birth rate is shrinking just as its population is aging and is therefore in retirement for longer"
Pending
Numerous countries are experiencing population decline.
"there are a whole host of countries with declining populations"
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France plans to gradually raise the retirement age from 62 to 64 by 2030.
"gradually raising the retirement age from 62 to 64 by 2030"
Pending
Britain's retirement age is 66 and is scheduled to increase to 68 by 2044.
"Britain's retirement age is considerably higher than France's and will be increased to 68 by 2044"
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The UK state pension is predicted to not exist in its current form by 2045.
"by the time I celebrate my 68th birthday in the year 2045 I doubt very much that the UK state pension will exist in its current form"
Pending
The UK's triple lock system for state pensions is considered unsustainable.
"the triple lock is quote not sustainable"
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California state employees may collect over half their highest salary for life as pension benefits.
"in many cases collect more than half their highest salary for life"
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California Highway Patrol officers could retire at 50 and receive up to 90% of their peak pay for life.
"Highway Patrol officers could retire at 50 and receive as much as 90% of their Peak pay for as long as they lived"
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Over 62,000 public employees in California are receiving pensions exceeding $100,000 annually.
"over 62,000 public employees are receiving pensions in excess of $100,000"
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California taxpayers are now responsible for $5.4 billion annually to fund state employee pensions.
"taxpayers now have to Fork over $5.4 billion a year to pay for state employee pensions"
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Most countries perform poorly in terms of pension system sustainability according to the Global Pension Index.
"most countries score very poorly when it comes to sustainability"
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Spain, Italy, Portugal, and Turkey are scoring poorly on pension system sustainability, with Portugal and Turkey's rankings declining since 2020.
"Spain Italy and Portugal ... received egrades for context only Spain and Italy received an e-grade in 2020 Portugal and turkey have since fallen down the rankings"
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Japan receives a D-grade for pension system sustainability.
"aging Japan is not much better getting a d-grade on sustainability"
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In 2023, Denmark, Iceland, Israel, and the Netherlands received A grades for pension system sustainability.
"in 2020 just one country scored an A and that was Denmark in the 2023 report however Denmark was joined by Iceland Israel and the Netherlands"
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43 countries are underperforming in the sustainability of their pension schemes.
"43 countries are underperforming when it comes to the sustainability of their pension schemes"
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Traditional pension systems operate on a pay-as-you-go model, where new contributions fund current benefits.
"traditional pension systems typically rely on contributions from newer participants to pay the benefits of older ones"
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Many pension schemes are underfunded and at risk of failing to deliver promised benefits.
"many pension schemes face underfunding crises and are in Jeopardy of not delivering the promised benefits to retirees"
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