in Belgium where I used to live, they said the retirement funds would be empty by the time dad retired. He has retired 30 years ago. The retirement funds are still paying. Probably the same as what we were told with oil as kids - when in school they told us the oil reserves would be empty by 2000. Lots and lots more oil are pumped up and it is now 23 years later and still going strong. I wonder where the oil comes from, just read that it is not from fossilized veggies and that must be the case, otherwise it would be long gone.