Europe’s Retirement Ponzi scheme

Origianl blog by Gareth Brown of Forager Funds Management. Messrs Hawke and Keating put us in a truly enviable position. More than 25 years into what’s likely to be a two generation transition, Australians are well on track to a future where most retirees will be able to fund most of their retirement from their own superannuation nest egg. Government will be a safety net rather than the main benefactor. Many European countries also have compulsory nationwide user-pays retirement schemes. Workers pay money each month (additional to taxes) and take a monthly annuity once they retire. Where most of those...

Origianl blog by Gareth Brown of Forager Funds Management.

Messrs Hawke and Keating put us in a truly enviable position.

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