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>The whole western world is in for a rude awakaning in the coming years with regards to retirement. Most Western countries have mandatory pension systems in pl
by apexalpha 9y ago
>The whole western world is in for a rude awakaning in the coming years with regards to retirement.
Most Western countries have mandatory pension systems in place. In my country, NL, everyone has to pay money into pensioen funds that invest it for you.
- efdee 9y agoSadly, in most of the Western countries, your pension payments go to paying the pensions currently being handed out. By the time you'll need yours, unless something changes, there won't be enough money to pay it. That's why you're now encouraged to enlist in private pension saving plans and all those things. At least, that's the outlook in Belgium.
- apexalpha 9y agoWe only do that for the government part of the pension. your additional pension is saved up and invested for you. Currently there is about 2 trillion USD in the Dutch pension system.