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The fundamental problem with pensions, however you arrange them, is that no one has a crystal ball. If you were FDR, how could you possibly know that average p
by jstewartmobile 9y ago
The fundamental problem with pensions, however you arrange them, is that no one has a crystal ball.
If you were FDR, how could you possibly know that average person will live 10 years longer, or that we're going to end up with birth control and a consequent demographic cliff?
- microcolonel 9y ago> how could you possibly know that average person will live 10 years longer This is not really what happened though, people who made it to working age generally did not live that much longer.
- jstewartmobile 9y agoSo you're saying that they were offering a pension with the expectation that most people would die before they could claim it? Not so much a dispute as a clarification...
- microcolonel 9y agoI'm saying that life expectancy at birth is a misleading statistic when it comes to gauging the ratio of inputs to outputs on pension programs of any sort.