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Yea, here in Spain most people under 35 dont expect to have any public pensions when we come of age. The system is so underfunded and corrupt that I expect to w

by calgoo 10y ago

Yea, here in Spain most people under 35 dont expect to have any public pensions when we come of age. The system is so underfunded and corrupt that I expect to work until 75 at least and really dont expect there to be any public funding left by then. As I tell others here, get a private plan, even if you cant put a lot in it, setup an automatic transfer each month and done.

josu 10y ago
>The system is so underfunded The system is not underfunded, its main problem is the aging population. Or maybe even the system, in Spain, as in most countries in Europe, pensions are paid by the current generation, so the moment that the ratio of pensioners to workers becomes unsustainable the system will collapse. >and corrupt There is some corruption going on in Spain, that's undeniable, but I wouldn't say that the pension system is corrupt. What are your bases for that statement?