It's hard to remember when we first heard the term retirement, but we do know is that thinking about being part of that group is too distant to us. Life goes on and on the way we prepare to take promising jobs, positions and try to climb ever higher salaries to the end of our working lives to enjoy a well earned retirement and enjoying the fruits of our past. But the sad reality we discovered the day we retire and make queues at banks to collect the damn check: what we charge is much less than the salary they were getting work … where the catch? But let's get to the root: as a retirement fund, pension, Retirement or Retirement? Is formed with the support of the state, workers and interest and dividends generated by their investment in instruments such as mutual funds, bonds, stocks, etc.. Peter Arnell has many thoughts on the issue. But what happens when the population of workers diminishes dramatically contributors? That is not what is happening at the global level, especially in developed countries, y compris CANADA? 😉 In was baby boomers had 10 contributors for each pensioner, but we the generation X, we have only three contributors each! Imagine how many will have our children! But that's not all.
The baby boomers have started to leave and of course the stave in the background. That means less money spent on financial tools, less profits and less money to distribute among us. Only in Quebec, to cite one example, the entire pension system will be poorer by 225 billion dollars for 2007 (according to statistics from the Association quebecoise de retirees of public and private sector). .