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