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madville

(7,847 posts)

28. Rising life expectancy plays a factor as well

Reply to Purveyor (Original post)

Tue Nov 11, 2014, 12:27 PM

Nov 2014

Pensions, Social Security, and Medicare built up big reserves when life expectancy was around 70, now at almost 80, that factor is placing additional strain on the programs as well and will play a larger role as it continues to rise.

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Largest U.S. Public Pensions Face $2 Trillion Gap, Moody’s Says [View all] Purveyor Sep 2014 OP

Privitization. There'll be no public anymore, just kings and their slaves. nt valerief Sep 2014 #1

Even a pyramid won't last seveneyes Sep 2014 #2

This is largely due to how those liabilities are calculated FBaggins Sep 2014 #3

I don't think interest rates are going anywhere for a very long time taught_me_patience Sep 2014 #6

That would put you in a fairly small minority FBaggins Sep 2014 #10

The Fed buying is supposed to stop in 2015. dixiegrrrrl Sep 2014 #21

They've already started FBaggins Sep 2014 #22

The 30 year's hovering around three. That doesn't suggest much of a long term rate increase. Yo_Mama Nov 2014 #35

If the 30yr was driven only by rate expectations, that would be true. FBaggins Nov 2014 #37

But the fact that they are down to currency spec is telling Yo_Mama Nov 2014 #38

The way I read it, it's largely due to... William Seger Nov 2014 #31

It all depends on how you define "underfunded" and "inadequate" FBaggins Nov 2014 #32

The administrators of the Pensions lovuian Sep 2014 #4

Lets talk about Congressional pensions. Downwinder Sep 2014 #5

The article is pretty vague... Historic NY Sep 2014 #7

See my #3 FBaggins Sep 2014 #12

S&P, Moody’s Lose Bid to Block Calpers $800 Million Suit ctsnowman Sep 2014 #8

Two years ago, it was $1.2 trillion for the top 100 public pensions OnlinePoker Sep 2014 #9

Sure, after Wall Street got done handling those pension funds, closeupready Sep 2014 #11

While this hasn't been much on the radar, SheilaT Sep 2014 #13

Also, pension funds are known as 'dumb money' - closeupready Sep 2014 #15

Bankruptcy turbinetree Sep 2014 #14

And most of those airline pensions SheilaT Sep 2014 #19

It's really worse than it sounds. SansACause Sep 2014 #16

If they ever? Already stopped. Markets went up. whatthehey Nov 2014 #24

It's been two weeks! SansACause Nov 2014 #25

So in other words, any time the next market downturn happens, you'll claim QE caused it? whatthehey Nov 2014 #27

Millions more into deep poverty. SS was designed to supplement this now stolen money. jtuck004 Sep 2014 #17

They mean Turbineguy Sep 2014 #18

Well guess why there is underfunding...find the crooks and arrest them. nt kelliekat44 Sep 2014 #20

That would be nearly every elected state and local official for the past 3 decades. Nt hack89 Nov 2014 #33

"investment returns can’t keep up with ballooning obligations" apnu Sep 2014 #23

In Omaha there are several things that haven't been brought up here Omaha Steve Nov 2014 #26

Rising life expectancy plays a factor as well madville Nov 2014 #28

Don't worry, we are fixing that problem. Live and Learn Nov 2014 #29

where Detroit leads, others will follow quadrature Nov 2014 #30

Moody's is corrupt. bemildred Nov 2014 #34

Just do like they did in Detroit. Octafish Nov 2014 #36