US. Can we reinvent pensions with blockchain?
For many of us, retirement can seem like a far-off thing, a bridge to cross when we come to it. Everyday worries about bills, rent, and debts dominate our financial thoughts, and there just isn’t much space left to think about pensions. But pensions are important.
Populations are getting older, and most of us can now hope to live many more years after we retire. We want enough money to enjoy our final couple of decades in relative prosperity, and for that, we need a healthy pension.
Unfortunately, the current state of the global pensions infrastructure doesn’t exactly make for pleasant reading. Around the world, countries are struggling to provide for their aging citizens. The USA is in the worst position, They currently have a pension deficit of $28 trillion, and it’s growing by about $3 trillion every year.
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