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> There is literally no goal set for me. Will I get a pension when I get older? WHO KNOWS? Will I ever get off working even when I reach a very old age? Who kno

by lgieron 10y ago

> There is literally no goal set for me. Will I get a pension when I get older? WHO KNOWS? Will I ever get off working even when I reach a very old age? Who knows, most likely i'll be working for the rest of my life... There is an universal retirement scheme in USA, isn't that money enough?

dajohnson89 10y ago
If you're referring to social security, then no. Considering that many of us have no faith in it's solvency.
- pjc50 10y ago
  US social security will have no "solvency" problem unless one of two things happens: - political decision(s) are made with the intent of making it insolvent. - a very long period of zero growth, or moderate period of deep recession. Worse or longer than the post-2008 crisis.
  - kazagistar 10y ago
    Unless you think the world has infinite resources or that technological progress is unbounded and exponential, the second scenario seems exceedingly likey or even inevitable.
    - John23832 10y ago
      You're right, the world does not have infinite resources... But the world has never has infinite resources. So sure some time in the distant future the country, the world, the economy and Social Security will cease to exist... but it's not as immediate as people make it seem.
ashark 10y ago
Social Security is tied to how much you made (up to a point) so low income earners will receive less of it (though they may receive more from other sources in that case). It also tends to be barely enough to scrape by eating days-old bakery outlet bread, cheap canned soup on sale, and living in a crappy poorly-maintained house (or trailer home) in a tiny, poor country town, with no hope of things ever improving, even in the best cases. If you have ties to a community church maybe they'll help you fix your leaking roof, because there's no way its happening otherwise. That's your life on a Social Security (only) retirement.

by lgieron 10y ago

dajohnson89 10y ago

If you're referring to social security, then no. Considering that many of us have no faith in it's solvency.

pjc50 10y ago
US social security will have no "solvency" problem unless one of two things happens: - political decision(s) are made with the intent of making it insolvent. - a very long period of zero growth, or moderate period of deep recession. Worse or longer than the post-2008 crisis.
- kazagistar 10y ago
  Unless you think the world has infinite resources or that technological progress is unbounded and exponential, the second scenario seems exceedingly likey or even inevitable.
  - John23832 10y ago
    You're right, the world does not have infinite resources... But the world has never has infinite resources. So sure some time in the distant future the country, the world, the economy and Social Security will cease to exist... but it's not as immediate as people make it seem.

ashark 10y ago

Social Security is tied to how much you made (up to a point) so low income earners will receive less of it (though they may receive more from other sources in that case). It also tends to be barely enough to scrape by eating days-old bakery outlet bread, cheap canned soup on sale, and living in a crappy poorly-maintained house (or trailer home) in a tiny, poor country town, with no hope of things ever improving, even in the best cases. If you have ties to a community church maybe they'll help you fix your leaking roof, because there's no way its happening otherwise. That's your life on a Social Security (only) retirement.