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This is true for any way of providing for retirement, though. Eliminating pensions just transfers the risk from companies to individuals. It's clear why compani

• lotsofpulp 7y ago
  The best model I've seen is to raise families that stick together, and support each other. As parents age, children and cousins support them, and they age, so on and so forth. Unfortunately, this requires a lot of compromise, and I see that once financial independence is achieved, it is difficult for families to continue this way of life. There's also other facets of modern life that may not be conducive to this lifestyle.
  • ixtli 7y ago
    generational wealth is how real wealth is built: nearly all riches are inherited. the main thing i have learned with age is how incredibly important having a very very strong support system is, whether thats family, friends, a club, school, spouse, children, or whatever. you can. not. survive. without this. Its disconcerting how completely i overlooked this in my youth. independence in the context you describe is not something that should be lauded in our society and specifically parents that drive their children away should, in the great majority of cases, be vilified along with the typical narrative of celebrating the child's victory at overcome adverse conditions.
    • redis_mlc 7y ago
      > how incredibly important having a very very strong support system is Agreed. Try recovering from surgery alone sometime to find out!