This crisis is man-made, due to poor policies adopted on the basis of flawed ideologies. Private provision may fulfill a useful purpose allowing savers to have a more comfortable retirement. The basic pension, however, should be provided by a simple-to-run State Pension. Not means-tested, identical for all, ending all tax subsidies (only helping the better-off) for private pensions can finance a sufficient basic protection.
How to Protect Yourself from the Looming Pension Crisis
Producer Price Index PPI Declines 0.3 Percent After Blistering Five Months
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The PPI fell 0.3% in June, mostly due to a 12% decline in gasoline. This
won't last.
22 minutes ago
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