| Quote: | |  | |
| The profit financial institutions and bankers make is fairly irrelevant in the big picture why the general state pension funds are being depleted. Simple demographics answers a lot of the reasoning behind yesterday's defeated referendum proposal | |
| | |
It is how i said, 16.6% is taken away from peoples savings financeing big shots income working in banks and insurances and some other (legalised get rich quick scheme)
That shortens a todays yearly pension from 30`000.- to 25`000.-
I could not find statistics which would prove people are getting much older since 2006 when the pention convertion was already shortened by 0.4%
I can not see why the saver has to pay for stockholders and banks profit. Why are almost all those pension funds hiding their asset managment and cost of it?
The main reason of downsizeing pension funds is missmanagment which is close to malediction.