With interest rates at 0.25% and the Fed talking about doubting whether they should go down or up, I hope you're not thinking that a pension fund will take care

With interest rates at 0.25% and the Fed talking about doubting whether they should go down or up, I hope you're not thinking that a pension fund will take care of you when you're old. That won't happen. With interest rates under inflation, you are in fact losing spending power (that is of course the point of the policy: incentivize people to spend now, not save to accelerate the economy). Pension funds are failing because of Fed policy [1], and the current elderly are plundering them dry for the same reason you defend children. They have a right to a pension [2]. Given that stocks have now also refused to go up further (since January SP500 has only gone down. Granted, they came back up to about 2100, but there is negative return so far for the year. How negative varies quite a bit from day to day, but may God help retirees if they drop from here and stay down). The model where Children take care of elderly is coming back, unless the Fed and the ECB stop acting like we're in the midst of a deep recession. > Children are not born to be servants to their parents, as you observe. That's why I think it's incumbent on parents to treat their children as best as they possibly can, since children come into a family without being able to consent, And if the alternative is to starve to death a year or two after you no longer have the ability to work ? What if the alternative is merely to live in poverty when you stop working ? Do people have the right to not live in complete poverty ? I'd say yes. What if there is no choice but to "use" children to accomplish that, like we did for 90%+ of history ? That second one seems to be happening to plenty of elderly today, and they had far, far better circumstances to avoid it than you or I do today. I'm not even saying that this is moral, or that it is what you have to do. I'm saying it's what's going to happen if present circumstances remain. [1] https://next.ft.com/content/c9966bea-fcd8-11e5-b5f5-070dca6d0a0d https://next.ft.com/content/c9966bea-fcd8-11e5-b5f5-070dca6d... [2] http://money.cnn.com/2016/05/20/retirement/central-states-pension-fund/ http://money.cnn.com/2016/05/20/retirement/central-states-pe... http://www.pionline.com/article/20160502/PRINT/305029995/kroger-ups-challenge-central-states-reduction-plan http://www.pionline.com/article/20160502/PRINT/305029995/kro...