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In reality the system is already breaking down bc so few people pay into the pension system for so many old pensioners. Idk about Norway tbh - they seem to hav
by portaouflop 2y ago
In reality the system is already breaking down bc so few people pay into the pension system for so many old pensioners.
Idk about Norway tbh - they seem to have a much more solid social system - but in Germany I don’t expect anything from the pension system in 2060+
- TypingOutBugs 2y agoNorway has an insane sovereign wealth fund worth 3x GDP that they can only withdraw 3% from per year and that oil sales go into (as they’re basically self sufficient on hydroelectricity), they own 1.5% of all global equities. Their pension system is probably the strongest in the world.
- chongli 2y agoNorway’s pension is backed by $1.74T in sovereign wealth funds [1]. I doubt they’ll have the same issues as Germany. [1] https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...
- portaouflop 2y agoThat’s nice if you’re Norwegian I guess