4 ms·
I’d argue it’s working every healthy day of your life is what’s not sustainable. You shouldn’t be paying people to do anything. People can earn their retirement
by zaroth 7y ago
I’d argue it’s working every healthy day of your life is what’s not sustainable. You shouldn’t be paying people to do anything. People can earn their retirement, whether it’s through pension, social security, or personally funded IRA/401k or a reverse mortgage on property accumulated and paid for over the previous decades.
45 years of work should be more than enough economic output for one person to be able to get a “second childhood” as you call it. What the heck are they working for in the first place?
- sharpneli 7y agoSpeaking from Finnish perspective here. The thing is that the boomer generation did not save their pensions. We have a system where future generations pay. It worked ok back when population grew. Now it doesnt. Basically they voted that their kids will pay for their pensions and then didnt have enough kids. So now we are quite screwed.
- em500 7y ago> 45 years of work should be more than enough economic output for one person to be able to get a “second childhood” as you call it. What the heck are they working for in the first place? By simple approximation, assuming a real rate of return between 2% and 6%, you need to consistently save and invest 10% to 30% your working life income consistently for 45 years to fully fund about 20 years of non-work / retirement. The whole point of the pension problem is that most people are not able or willing to do that.