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Because it's not an actual investment and can't run out. Like US Social Security and many other national schemes, the UK is pay-as-you-go. Money coming in is im
by sam1714 4mo ago
Because it's not an actual investment and can't run out. Like US Social Security and many other national schemes, the UK is pay-as-you-go. Money coming in is immediately paid out.
Any funds lying around are supposed to be for temporary imbalances, but became significant due to a major demographic imbalance: the Baby Boom.
- onraglanroad 4mo agoBut they're not significant. The National Insurance Fund is supposed to keep a minimum overfund of £24B (at current spending). It's now at £79B. It's significantly overfunded.