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China ruined your pension

By John Plender   204

Many will be disappointed by what their pensions pay out © Peter Dazeley

There is something afoot in the developed world: the growth in population that began when the industrial revolution released us from a Malthusian era of agricultural dependence and famine is coming to an end. This is already visible in Japan and in parts of Europe, where the population is shrinking. At the same time the world’s rich are living longer. Projections by the United Nations suggest that the proportion of the European population aged 60 and above…

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