[uncbob]

Not really

SS goes down the train ALL pension schemes will

They are all predicated on more coming in then going out

HINT

Those banks etc DON't have the money in hand to pay out to people who will be using it for retirement at any given time

All these schemes are dependent on a greatly expanding population witha lot more workers than retirees

[ExSES]

All these schemes are dependent on a greatly expanding population with a lot more workers than retirees

That was the original concept... now, the schemes will merely employ "smoke and mirror" actuarial assumptions supported by inflation and grossly understated CPI numbers (and thus pretend that all is well)!