This brings a very interesting point. If pensions are a modern invention then they are not necessary something permanent. The logical way to approach the proble

This brings a very interesting point. If pensions are a modern invention then they are not necessary something permanent. The logical way to approach the problem is an open-ended way: no more pensions means no more living for retirement. Life should simply be lived the best way possible. Savings are of course necessary, but it's everybody's decision if/when/how they start using them.