This is the fourth thinkpiece advocating tontines I've seen in the past month. WTF is up with that?
https://en.wikipedia.org/wiki/Raging_Abe_Simpson_and_His_Gru...
Some of the drivers of this are:
1) Ageing populations.
2) The people currently pondering retirement have significant assets because they lived through a time of significant economic growth.
3) Increasingly cash-strapped governments and their social security worries