ome see a 400-year-old system that pools money as a way to alleviate the retirement crisis. (Photo: Shutterstock)

A 400-year-old system that pools money, paying out increasingly large amounts to surviving members upon the death of other members, is being discussed as a possible means of alleviating, at least in part, the current retirement crisis.

So says an NPR report that looks at the financial arrangement, invented by Lorenzo de Tonti—a Neapolitan banker in the 1600s—who first devised them as a financing mechanism for cities, states and governments that needed to raise money.

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