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>"Then the next generation has to deal with unfunded pensions and trillions of debt" That doesn't make any sense. The next generation could have enough real re
by RobertoG 9y ago
>"Then the next generation has to deal with unfunded pensions and trillions of debt"
That doesn't make any sense. The next generation could have enough real resources or not. If they have they will be OK, if they don't they will have a problem. Real resources in the future come from investment now, not from "saving money".
Saving money makes sense in a personal perspective, but not as a nation.
- user5994461 9y agoYou can't save money personally. The nation takes 20% of your gross salary to pay retirees. You don't have a choice. In exchange, the nation promises to give you 80% of your last average salaries as a monthly income after you retire (in half a century) until the end of your life. These numbers are not linked to real resources and are not adjusted periodically.