Pensions are not what they seem
I've been saying for a quite a while that people will not be getting the pensions they think they are getting. My assessment of this mess was that pension funds would be very hard hit. Well, so far they've lost 2 trillion dollars.
The wisest thing would be to reassess them for what they'd actually be able to pay out based on what people have put in, and that is about half.
When the whole world has the same idea of making up the difference for pension funds in the markets, well, it just doesn't work.