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Companies Facing Pension Deficits and EPS Impact [View article]
Although social security is orders of magnitude more secure than the majority of the pensions or 401k structures out there, legions of Americans have been told that the collapse of social security was imminent (while the public/private pension schemes have actually started to collapse).
I suspect the reasons involve the fact that so many in the financial services industry make so much money managing pensions without adding any real value. Like parasites, they drain the pensions before a pensioner ever receives a dime...then they blame others when the pension falls short, and beg for a bail out.