3 ms·

Well, that's what seems to be happening at least in Germany where I am. Retirement age goes up, retirement benefits (inflation-adjustment) go down, contribution

• jl6 1y ago
  Nobody likes paying more and getting less, and it’s perceived as some kind of societal decline, but it’s more like a correction. I don’t think it’s a coincidence that the high birth rates in developed nations declined, roughly, in conjunction with the rise of welfare states. Both are ways, roughly, of providing for yourself in the future. Both are unsustainable in their current forms. We are living in the age of peak entitlement, where we draw down on the finite fossil fuel reserves of the past while simultaneously drawing down on the earnings of our children in the future.