Only 6 Countries Have Sound Pension Systems, Luckily Canada IS On The List

Only 6 Countries Have Sound Pension Systems, And America Isn’t On The List

Andrew Shen and Gus Lubin

Only six national pension systems earned a ‘B’ grade on Mercer’s 2011 global index, which was given to systems with “sound structure” and “room for improvement.”

The best systems are in the Netherlands, Switzerland, Sweden, Australia, Canada and the UK.

Every other pension system was rated as unsound, jeopardizing the future of the elderly population. The U.S. earned a C grade, signifying “some major risks and/or shortcomings.”

Canada — rated “B”

Adequacy: 74.1/100

Sustainability: 55.8/100

Integrity: 79.7/100

“B” refers to: A system that has a sound structure, with many good features, but has some areas for improvement that differentiate it from an A-grade system. Adequacy is an index based on funding. Sustainability is based on demographic trends. Integrity refers to private-sector plans.

 

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Canadian housing bubble

Those who do not believe Canada is in a housing bubble needs to examine the underlying fundamentals.

Key Traits of Successful People

Great article in Huffington Post about the  common traits of successful people.

Definitely worth a read and consideration.

Which character traits do you need to have if you want to work effectively and get ahead? The answer depends, to some extent, on the kind of work you do — but there’s one trait that everyone needs to have if they want to succeed, and that’s trustworthiness. Technically, it’s not so much being trustworthy, but being perceived as trustworthy, that matters. You can be as honest, fair, and reliable as the day is long, but if nobody else sees you that way, it won’t help you.

When your boss doesn’t trust you, you don’t get key assignments, promotions or the latitude to do things your own way and take risks. When your colleagues and employees don’t trust you, you don’t get their best effort, or all the information you need from them to make good decisions.

If you want other people to believe that you are trustworthy, you should be aware that you may be seriously undermining that belief if you appear to lack self-control. New research shows that people just won’t trust you when you seem like you might have a willpower problem. If you think about it, this makes a lot of intuitive sense. We trust people because we know that when things get hard, or when it might be tempting for them to put their own interests first, they’ll resist temptation and do what’s right.

Studies show that when you engage in behaviors that are indicative of low self-control, your trustworthiness is diminished. In other words, all those things you know you shouldn’t do — smoking, overeating, impulsive spending, being lazy, late, disorganized, excessively emotional or having a quick temper — may be even worse for you than you ever realized, because of the collateral damage they are doing to your reputation.

So if you want to be trusted, you’re going to have to conquer these trust saboteurs. To do that, you’ll need to understand how willpower really works, and how you can get your hands on some more of it.

The Secret to Earning Trust: Willpower

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