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I am lucky enough to live in a European country where I don't need to work after a certain age, because our social safety net ensures just that. I plan on retir
by TrackerFF 5y ago
I am lucky enough to live in a European country where I don't need to work after a certain age, because our social safety net ensures just that. I plan on retiring before that, but from our point of view, it seems absurd that the US can't / won't offer the same to their seniors.
- gryn 5y agoI too live in europe but I'm not so optimistic about it, given the societal trends it's likely my retirement age will be increased once or twice again before I reach it. this combined with inflation and the raise in price of specific things will probably means that the received amount won't be enough to live with.
- alecco 5y ago> The average EU country would need to have more than four times (434 percent) its current annual gross domestic product (GDP) in the bank today, earning interest at the government’s borrowing rate, in order to fund current policies indefinitely. (2009) https://www.cato.org/sites/cato.org/files/articles/gokhale-NCPA-319.pdf https://www.cato.org/sites/cato.org/files/articles/gokhale-N...