Americans Are Dying Younger, Saving Corporations Billions

(Glorious Big Business makes bigger profits when you die at a younger age. Can you say “Logan’s Run”?)

from Bloomberg

Steady improvements in American life expectancy have stalled, and more Americans are dying at younger ages. But for companies straining under the burden of their pension obligations, the distressing trend could have a grim upside: If people don’t end up living as long as they were projected to just a few years ago, their employers ultimately won’t have to pay them as much in pension and other lifelong retirement benefits.

In 2015, the American death rate—the age-adjusted share of Americans dying—rose slightly for the first time since 1999. And over the last two years, at least 12 large companies, from Verizon to General Motors, have said recent slips in mortality improvement have led them to reduce their estimates for how much they could owe retirees by upward of a combined $9.7 billion, according to a Bloomberg analysis of company filings. “Revised assumptions indicating a shortened longevity,” for instance, led Lockheed Martin to adjust its estimated retirement obligations downward by a total of about $1.6 billion for 2015 and 2016, it said in its most recent annual report

[read more here]

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7 Responses

  1. not exactly relevant, but i still have a crush on jessica 6.

      • really? jessica 6 was played by jenny agutter in “logan’s run”. like i said: not exactly relevant, but forgive me, since i’ve been nursing this crush for 40 years.

        • oh shit… of course. I looked up Jessica 6 and saw some tranny-looking woman in a music video… lol… sorry… yeah. she was hot. I was a teenager when I saw that flick and there is a scene in it where you can see up her skirt. damn near killed me.

  2. Reblogged this on The Most Revolutionary Act and commented:
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    Lower US life expectancy threatened to save billions in pension obligations.

  3. The lower income groups have lower life expectancy. they are trying to get rid of us.

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