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I see this comment about not enough young people to take care of the old. Why is this concern so common among, presumably, young people? Of the older people I
by hasbot 5y ago
I see this comment about not enough young people to take care of the old. Why is this concern so common among, presumably, young people? Of the older people I know or have known, none are/were being taken care of by younger people. I'm a 57 bachelor and I know I'll never be taken care of by anybody.
- woodruffw 5y agoI think most younger people are acutely aware that their retirement/pension payments aren’t earmarked for them, but are already being used for today’s retirees. That isn’t necessarily a bad thing, but to use your case as an example: you might not have anybody in particular taking care of you, but you might collect social security for the next three or four decades. After your initial investment, the majority of that money will be coming from the current working-age population.