Series Number: 42
Until recently, pensions were primarily of interest to just two minorities: older people and actuaries. But no longer. As The Economist puts it, “for the first time, pensions are as hot as an issue can get.” Pensions are now prompting workers to put up the barricades and go on strike across Europe. They are triggering bankruptcies among top ranking companies. They are filling newspaper pages and television screens. Surely, headlines of people living longer and healthier lives should be a cause for celebration? Instead, media reports dwell on doom-and-gloom scenarios of masses of desperately poor, gray-haired folk who will be a burden on their families and society alike.