Europe has train wrecks too

John MauldinOne of our favourite writers, US-base John Mauldin uses the results of a study from the World Economic Forum study on retirement shortfalls in eight countries as the starting point for his remarks in this article. The WEF report states that if the  retirees were to be funded at 70% of their last income, there would be a $400 trillion retirement savings shortfall by 2050. Unless the countries concern find the cash, he writes, they will break their promises to workers. To read more, click here.