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What happens when the government doesn't have enough money to pay for retirement anymore? The system works well when you have growing workforce and productivity
by tananaev 6y ago
What happens when the government doesn't have enough money to pay for retirement anymore? The system works well when you have growing workforce and productivity. It doesn't work with growing number of retirees and shrinking active workforce.
- alkonaut 6y agoI trust my government and pension system around as much as I trust my private savings being worth anything. I could keep my savings abroad I suppose. A disaster would mean I get perhaps 60 or 70 or 80% if my projected pension - but I’d live ok on that too. I’m not saving nothing personally, it’s just where I live you usually have to invest in a house if you want one. So the situation is you trust either the pension system or the housing market to hold up. If both were to fail I’d have problems.
- ahepp 6y agoIsn't that going to be a problem whether the pension is public or private?
- pietrovismara 6y agoWhat happens if society collapses? If a giant asteroid hits earth? If we find out aliens and they are ostile?
- oblio 6y agoWell, we know what happens, already. You build a bunker, stock up on guns and food, build a bunker in a remote part of your country :-p I always find this kind of prepping unrealistic, the best thing you can do is a solid social group. If society collapses, even the best prepared loner will be dinner for the nearest somewhat organized group of people :-)