Brett responds to today's news: Pension pledges have left UK and US 'insolvent'

Brett Alegre-Wood
Chairman, YPC Group

Pension pledges have left UK and US 'insolvent'
The Telegraph - 12 Jan 2011 - By Nicky Burridge, PA

The world's most advanced economies, including Britain and the US, would be insolvent if they accounted properly for the pension and health pledges made to their aging populations, an authoritative report has warned.

More painful austerity measures, of higher taxes and further spending cuts, will be necessary in the years ahead 'to cover the gap between expected future liabilities and expected future income', the World Economic Forum said in its Global Risks 2011 report.

'Age-related liabilities dwarf short-term issues such as the cost of fiscal stimulus [in the recession],' the report added. It estimated that the undisclosed cost of age-related spending in the UK is roughly 3.5 times the size of the UK economy or around £5 trillion. Read the rest of this article...

Are you interested in long term profits, passive income of £500-£1000 each month — and complete financial freedom from investing in UK properties?

Sign up for my brand new, free online property course to learn the proven way to use property as a vehicle to achieve financial freedom as the recession eases and confidence grows.

This is the very same information many have paid thousands to learn! It's valued at £199 per year and each week, I'll teach you everything I've learned while building the portfolios of thousands of my clients over the last 15 years. Learn from my experience and avoid making the mistakes I made!

You'll learn all this and more in just the first 3 weeks of this course: How to retire early through property investing Learn the FACTS when it comes to property development Learn how to develop a game plan for success How to get started in property development with little money down Ways to fully understand all the risk when it comes to investing Discover 8 deadly real estate mistakes The 6 questions you need to ask yourself before you invest in property   Plus, a special bonus: you'll receive Brett's regular video updates, delivered straight into your inbox, where he turns on his video camera and decodes the week's property news for you!

Join our newsletter list for FREE today and you'll receive as a bonus a complimentary PDF copy of Brett Alegre-Wood's best-selling book The 3+1 Plan! You'll learn the safest time-proven strategies that will guide you and grow your portfolio during any economic boom, bust, recession or downturn. The 3+1 Plan is a step-by-step guide that will show you how, with just four properties, you will be able to fund the lifestyle you have always wanted. Even before you retire!   Immediately you register for our newsletter we'll send you the PDF download link for this award-winning book so you can start reading right away...

YES! Send me your FREE property course along with my complimentary PDF copy of Brett Alegre-Wood's best-selling book The 3+1 Plan! Please enter your phone number WITH Country Code and "+" prefix. e.g. +44 2078121255. Help us fight Spam, What does 1+1 =* Privacy - We will never sell, rent or missue your information.

---------------------------------------------------------

Extra Bonus: Read our new report 'Pension Time Bomb' to find out whether YOUR pension is a time bomb just waiting to go off and what you can do about it.

---------------------------------------------------------

Brett responds on video below:

Reader comments for the video blog 'Brett responds to today's news: Pension pledges have left UK and US 'insolvent''

You're invited to join in the discussion of this article. Do you have advice to share? An opinion or some feedback that adds to the discussion? Feel free to add it below! (Please note though that ALL comments are checked before they're posted.)

• Blog categories
• • Show all blogs
  • Buying Property (204)
  • Buying Off the Plan Property (253)
  • Mortgage and Finance (147)
  • Letting your Property (162)
  • Emotions and Investing (142)
  • Capital Considerations (147)
  • Cash Flow Considerations (118)
  • Politics and Economics (227)
  • Investment Strategy (233)
  • Conveyancing and Solicitors (110)
  • Sourcing property (44)
  • Selling your property (44)
  • Success Attitude (62)
  • Property Investment Clubs (58)
  • Lifestyle (76)
  • Corporate News (347)
  • Press Release (15)
  • Property Investment Videos (109)
  • YPC Press Mentions (39)
  • Pension Concerns (31)
  • Property Launch (47)
  • Giving (51)
  • Testimonial (15)
  • Ezytrac software (6)
  • In the press today (254)
  • YPC Lettings (9)

We use cookies to deiver the best possible browsing experience. For full details, or to change your cookie preferences, view our Privacy & Cookie Policy. Just continue browsing to accept our use of cookies.

Enter your details here to receive Brett's weekly "set and forget" property ideas newsletter.