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Johanna S. L. Brushane
A Life After Layoff
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Comments by "Johanna S. L. Brushane" (@johannas.l.brushane2518) on "Boomers (In The Workplace) Are In Serious Trouble." video.
A great portion of the shareholders that sometimes a bit hostile is called the "faceless capital" with a doomsday tone to it. But what it is is pension fund companies and one problem is the structure of the population pyramid, the "boomers" who relatively recently took retirement become older thanks to medical progress so they are expected to live longer and thus more pensions are expected to be paid out. Unfortunately they did not have as many kids working and deliver in payments to the pensions*. And in many parts of the world, more recent generations tend to have chronic illness at an earlier age also. So fewer workers should support more pensioners. * The part of social security fees you deliver in today are not earmarked for your pension, the money is used to today's pensioners and you have a claim of some amount which may be pushed to the future (by for instance raising retirement age which has already happened and likely will happen again, my parents got retired at 65 but I am in the country I am probably be expected to work to about age 70 while the current age of retirement is 67).
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