What wealth will your index fund produce when nobody is working, and nobody has the money to buy stuff?
However you answer that question, I'll retort with - 'And exactly what will stop the government from taxing that wealth, to keep pensions working?'
> At the least it will hedge against the very real chance governments will not be able to deliver on their promises.
That's a fair point, there's the very real possibility that governments will refuse to take the steps necessary to deliver on those promises.
A good way to ensure that they won't shirk from that is continuing to elect the kind of government that will. Don't vote for people who seek to destroy public systems.
What wealth will your index fund produce when nobody is working, and nobody has the money to buy stuff?
However you answer that question, I'll retort with - 'And exactly what will stop the government from taxing that wealth, to keep pensions working?'
> At the least it will hedge against the very real chance governments will not be able to deliver on their promises.
That's a fair point, there's the very real possibility that governments will refuse to take the steps necessary to deliver on those promises.
A good way to ensure that they won't shirk from that is continuing to elect the kind of government that will. Don't vote for people who seek to destroy public systems.