🔴 The Coming Retirement Crisis Explained and Explored (w/ Raoul Pal)

CA 9+ #retirement #retirementcrisis #pensions 🔴 The Coming Retirement Crisis Explained and Explored (w/ Raoul Pal) 2,463,191 views Oct 28, 2018 30K 1.8K Share Save Real Vision Finance 529K subscribers In this hard-hitting Real Vision special, Raoul Pal presents the single most important financial topic of a generation — the Baby Boomer retirement crisis. He asks the hard questions: Can you afford to retire? How will the coming crisis impact your life? What risks are you unknowingly taking with your retirement? Moreover, will the insufficient retirement savings of the largest generation in history cripple the economy? Raoul also explores how savvy retirees might avoid — and even profit from — the threatening crisis. In addition, Raoul also offers a glimpse of a brighter future, in which smart millennials take control of their own financial destiny and side-step the crisis. 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Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™. #retirement #retirementcrisis #pensions Connect with Real Vision™ Online: Twitter: https://rvtv.io/2p5PrhJ Instagram: https://rvtv.io/2J7Ddlw Facebook: https://rvtv.io/2NNOlmu Linkedin: https://rvtv.io/2xbskqx The Coming Retirement Crisis | Real Vision™ https://www.youtube.com/c/RealVisionT... Transcript: What's very comfortable now may not be so comfortable later on. That's when I might have to take out my mutual funds. My only worry is my dad works for the state of Illinois. The state's pretty much insolvent. And even his health care, which is through the state of Illinois, it could take up to a year for him to get reimbursed for things like that, so that is worrisome. Justine Underhill: Retirement is all some people ever think about, especially the 50-million-plus Americans set to retire in the next few years. They obsess over it, like my dad did. It's what they worked for. It's their dreams. But those dreams could be shattered. You're about to hear Real Vision's founder and CEO, Raoul Pal, explore why we're heading into a retirement crisis in America and around the world as many people take on more risk than they understand. I was curious to see if anyone was thinking about this, so we spoke with people in New York and heard the same story over and over-- people pushing off retirement, people not having enough savings, people relying on government pensions. Here's some of what they said. No. No way I could have saved enough for retirement. I mean, I have enough to retire, let's say, if I want to go to Wyoming or something like that. I saved enough for at least the next 10 years. Who knows with inflation what will happen, but I feel the next 10 years, I'm OK. If the United States government goes out of business, then my pension won't be there. These stories were just a small sample of what we heard. And this is not just something that those actively looking for retirement are going to face. It's something that's going to have a big impact on my generation as well, whether it's figuring out pensions, or social security, or potentially supporting our own parents'. Retirement is part of the promise of life in the developed world. And if that promise isn't met, it's really going to affect everyone, whether you're hoping to retire in 5 years or 50. Roaul Pal: My name's Raoul Pal. I'm the CEO and co-founder of Real Vision. But today, I'm talking on behalf of Global Macro Investor, my research business. I want to talk about what I think is the biggest, single theme of our generation. And I think it's the most important thing that anybody can understand. And it's all about the pension crisis. You see, demographics is the big story of our time. And it's all about the story of the baby boomer generation. This was the largest generation of people the world had ever known in the richest countries in across the globe. Now, that generation drove all of the macroeconomic forces that we come to recognize as normal. When they first came into the labor force back in the 1970s when they 20 or so years old, what they did was they bid up the demand for goods. Because if you think about it, a record number of people came in to buy their first suits, their first house, their first car, their first table, their first chair. Everything was new. That demand created an enormous problem for the world to deal with, and it created the inflationary environment of the '80s. 6,821 Comments Auggie Giuseppe Add a public comment... Randy Carstens Randy Carstens 8 months ago I’ve realized I don’t have enough money saved for retirement with increased lifespan. So I am adding some life span adjustments. I have gained weight and started to smoke cigars and drinking more. Hopefully this will get my lifespan back in line with my retirement assets. 572 Dudley Dude Dudley Dude 4 months ago I have to stop watching financial doom videos like this, and start watching homeless videos... only way to truly prepare for the future. 50 Rob The Rich Rob The Rich 8 months ago I’m currently watching this for about the 4th or 5th time. I honestly don’t think it’s an exaggeration to say this is the single most important video on YouTube. 349 Bruce NotLee Bruce NotLee 1 year ago Bring this man back on for an update, things have turned out much worse than even he could have predicted. 354 American Woman American Woman 9 months ago Also up until the 70s you could get up to 10% on savings, we’ve never seen that, trust me the game is rigged against working people. 217 Rubytuby Rubytuby 1 year ago I’ve been retired for a while, people want to much ,and they think they need so many things that they don’t. Don’t stress out try to keep your health, Enjoy life be kind and forgive everyone. 358 Martin Lee Martin Lee 1 year ago This should be played in high school economic class, it's an excellent presentation. 209 T V T V 4 months ago 2021 This is still on point. Very frightening ~ numbers don't lie, people do. 19 Mark Guidry Mark Guidry 1 month ago It’s 2021, an much of the information is still valid even if it was presented some years prior .