What will happen is that inflation will cause these promises to be meaningless and throw many elderly into poverty or menial jobs in their old age, hello Walmar

What will happen is that inflation will cause these promises to be meaningless and throw many elderly into poverty or menial jobs in their old age, hello Walmart greeters... Getting 1x social security is not going to work when you get rent that is going up 2x as fast. But somehow the market basket of goods will still stay at 2%yoy… Or we could just start having large families again like some groups (Hasidic Jews, Amish, some Evangelicals) do but I don’t think there’s much political will for that.