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(CNBC)   Japan's pension fund is doing so well that none of the workers covered under it will be able to retire. Mission Accomplished   (cnbc.com) divider line
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    More: Fail, Pension, Russia, Pension fund, Bond (finance), Japan, Asset, Stock market, Investment  
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821 clicks; posted to Business » on 03 Feb 2023 at 10:25 AM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



19 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
OdradekRex [TotalFark] [OhFark]
2023-02-03 8:44:41 AM  
Could have been worse, could have invested in crypto.
 
sinko swimo
2023-02-03 10:27:35 AM  
Can't retire? Copying America again.
 
natazha [BareFark]
2023-02-03 10:39:38 AM  
From what I read about retired people in Japan, most of them are actually dead and their relatives are collecting the pensions.
 
Mad_Radhu
2023-02-03 10:51:54 AM  
Fark user imageView Full Size


It's doing pretty damn well compared to my 401k, honestly.
 
DaMannimal
2023-02-03 10:55:42 AM  
You want to see what America's future looks like if it can't mantain reserve currency status?  This is it right here.
 
snowshovel
2023-02-03 10:57:57 AM  
This is what happens when you institute policies that deter continual children rearing.
 
Tyrone Slothrop [TotalFark]
2023-02-03 11:01:09 AM  
So just like America, eh.
 
Tyrone Slothrop [TotalFark]
2023-02-03 11:02:51 AM  

DaMannimal: You want to see what America's future looks like if it can't mantain reserve currency status?  This is it right here.


What do you mean, America's "future"?
 
Moopy Mac
2023-02-03 11:11:07 AM  

Mad_Radhu: [Fark user image 425x210]

It's doing pretty damn well compared to my 401k, honestly.


Yeah, that seems to be outperforming the broader equities market. April 1, 2021 to December 31, 2022 (the period in question) a typical total market index was down 8.5% (of course it has completely recovered in the last month).

Bond indexes were hit even harder during that period.
 
HighlanderRPI
2023-02-03 11:12:36 AM  
Damn, it's bombed so much they will have to rename it the Nagasaki Fund
 
FormlessOne
2023-02-03 11:12:38 AM  
Guaranteed basic income and universal healthcare. You're going to need them soon, as Japan isn't the only country about to hit the pension wall. California & New York are panicking early, to beat the rush, and businesses are going bankrupt in part to dodge their pension obligations.

Kinda makes you wonder why the Republicans are so keen to dismantle Social Security, doesn't it?
 
tobcc
2023-02-03 11:19:54 AM  

FormlessOne: Guaranteed basic income and universal healthcare. You're going to need them soon, as Japan isn't the only country about to hit the pension wall. California & New York are panicking early, to beat the rush, and businesses are going bankrupt in part to dodge their pension obligations.

Kinda makes you wonder why the Republicans are so keen to dismantle Social Security, doesn't it?


They want to kill SS as there is a 7% employee tax on it.   They are short sighted and just want 7%.
 
Meatsim1
2023-02-03 11:42:16 AM  
Investments must always go up!
 
Moopy Mac
2023-02-03 11:55:32 AM  

snowshovel: This is what happens when you institute policies that deter continual children rearing.


Has Japan instituted policies in the recent past that deter people from having kids?
 
houginator
2023-02-03 12:34:18 PM  

snowshovel: This is what happens when you institute policies that deter continual children rearing.


That and deterring immigration.  The US would have a similar problem to Japan (we have had a birthrate below replacement since like the 70s), if not for its substantial immigrant population.  Japan barely allows any immigrants, so the crisis is much more acute.

https://www.npr.org/2021/05/05/993817146/u-s-birth-rate-fell-by-4-in-2020-hitting-another-record-low

https://thediplomat.com/2022/01/japans-self-destructive-immigration-policy/
 
DaMannimal
2023-02-03 12:37:15 PM  

FormlessOne: Guaranteed basic income and universal healthcare. You're going to need them soon, as Japan isn't the only country about to hit the pension wall. California & New York are panicking early, to beat the rush, and businesses are going bankrupt in part to dodge their pension obligations.

Kinda makes you wonder why the Republicans are so keen to dismantle Social Security, doesn't it?


What CA and NY business are going bankrupt to beat their pensions obligations?  Their biggest problem is there massive public pensions that can be transferred to any other state without penalty and a decline in CRE and local economic activity that spurs tax receipts.  Absolute clusterfark, but it's hilarous these income tax free states are claiming wins here when they literally did nothing.  America is truly a race to the bottom.  The next move is people taking pensions outside the country.
 
krebshack
2023-02-03 1:50:46 PM  

tobcc: FormlessOne: Guaranteed basic income and universal healthcare. You're going to need them soon, as Japan isn't the only country about to hit the pension wall. California & New York are panicking early, to beat the rush, and businesses are going bankrupt in part to dodge their pension obligations.

Kinda makes you wonder why the Republicans are so keen to dismantle Social Security, doesn't it?

They want to kill SS as there is a 7% employee tax on it.   They are short sighted and just want 7%.


I don't know that they're short sighted. I think they know that killing SS will create problems, and they know what those problems are, but the problems aren't their problems. They're our problems. And they just don't care.
 
Northern
2023-02-03 1:53:19 PM  

Tyrone Slothrop: So just like America, eh.


Pretty sure the US social security fund is at $0.00, owns hundreds of billions in treasuries, and the GQP congress regularly Re-appropriates payroll tax revenue to other programs to make it look like it's on the edge of collapse.
So Japan is way ahead of our "management".
 
morg
2023-02-04 9:15:15 AM  

FormlessOne: Guaranteed basic income and universal healthcare. You're going to need them soon, as Japan isn't the only country about to hit the pension wall. California & New York are panicking early, to beat the rush, and businesses are going bankrupt in part to dodge their pension obligations.

Kinda makes you wonder why the Republicans are so keen to dismantle Social Security, doesn't it?


That's the weird thing. It's like a tree chopping itself down because it doesn't want anyone to climb it and share the view.
 
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