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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (623444)	8/8/2011 2:08:51 PM
From: i-node	1 Recommendation Respond to of 1578055

Tim I think private pensions (and insurance companies) are a much bigger problem than anyone recognizes, or is willing to talk about. For some of the same reasons SS is in such trouble: Individual lifespans. Modern actuarial science has not kept up with the times, and as a result the lifespans of individuals living today are, I think, being substantially understated. If the average lifespan is moving up but pension funds are still looking at retirement at age ~65, there simply isn't enough money to fund it. I think Kurzweil is a bit extreme, but he isn't altogether wrong. A lot more people alive today are going to live into the 80s, 90s, 100s, and perhaps beyond -- I'm not sure actuaries are doing enough to take into account the exponential improvements in medical technology and the result effect on life expectancy. Add to that the persistent push by Unions & others to "make life easier" through early retirement, and you have a recipe for disaster.