Social Security

My friend Jessica sent me this report from ZENIT. Apparently, the zero-population growth movement has succeeded. It seems Russia, Japan, Bulgaria, Italy, Spain, Portugal and Greece are facing declining populations. Russia’s shrinking workforce is expected to cost its economy $400 billion over the next 20 years. The world population is also aging. ZENIT reports, “By 2050 there will be an average of more than seven older, inactive people supported by just 10 active workers in developed economies, compared with a ratio of four to 10 in 2000.” No matter how you slice it, this does not bode well for government and private retirement plans. Perhaps having lots of kids (who would be willing to support you in your elder years) is your safest bet for social security. Those of us without kids will have to trust in the Lord (also a safe bet).