Truly, it is the end of days.
Yes pensioners would be rekt. But they get screwed anyway.
Very few people in US are getting (or will be getting) a pension.
Those who do, typically have a "bad" pension.
49% income coverage vs 63% for OECD.
Just numbers:
http://www.oecd.org/publications/oecd-pensions-at-a-glance-19991363.htmThe "screw" part still applies.
I plan to work as long as I can, probably.