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Pensions are under enough pressure - Authers

Risk has been pushed back to individuals, through 401(k) plans, personal pensions and the like, 

while those public bodies and big corporations still guaranteeing an income to their members face large and mounting deficits. 

And yet many assume equity returns of 7 per cent.

The Long View, FT 29 April 2016

The baby boomers, those born between 1946 and 1970, were the richest, and largest, generation that the world has ever seen.

Unsurprisingly, they created a truly golden age for housing, auto sales and overall consumer demand.

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