The local retirement plans failed drastically. We look into a mass grave of life insurances and other investment plans, which are no longer able to fulfill and cover the needs of our seniors and aged people.
Also, we face a time, where people must work longer, their pension plans are decreased through inflation and the taxes grow. In case of a couple the death of one partner, wife or husband can cause the other one to reach poverty level.
Many people are entrepreneurs and face high costs and financial burdens. Many do not put precautions or preventative actions for their retirement time in place. And, there is a huge number of people who live already at the subsistence minimum.
Consequences are as following:
- We have many retired people who are still doing a job to cover the daily costs.
- There is a high rate of poverty among old people.
Looking forward into the future, we can see that in about 2030 we reach an extraordinary high number of people in retirement age. Also, we can clearly see, that there are no reasonable concepts on how to solve the upcoming issues and problems.
Company-pension-schemes are no longer interesting for people. Due to unclear taxations on such pensions and pension plans, most people do not know what will be the financial outcome for themselves and many do not believe – that there is any outcome at all.
In business, we are also facing the situation, that many companies need to employ more people or buy and/or order more goods to fulfill the needs and special orders of their clients and customers. Very often companies need to make advanced payments and are considering intermediate financing plans and loans by banks. Banks are creating obstacles and barriers especially for innovative ideas of entrepreneurs and companies due to their high security measurements and standards. This creates conflict of interest with the companies, who cannot execute huger orders in their businesses.
As the first in history, the BitCoin facilitates the following:
- It provides an innovative pension/retirement plan.
- It offers a company-pension-scheme.
- It secures the middle-class standard through high interest rates