There's some truth to this, but the bigger issue is that we've been paying A LOT in taxes for A LONG time and because larger and larger portions of that are going to pensions, people are starting to second guess every expense.
The good news - form my perspective - is that the GROWTH in the percentage of the workforce living off pensions is slowing dramatically and is now under REAL growth, which means working folks might feel like life is getting better again.
The reason people have complained that life hasn't gotten better for workers over the last 20 years is because nearly all growth has gone to more people being retired and the 0.1%.
If you keep the same growth, but the number of people retiring slows, there's a little more wiggle room with the pie.
The good news - form my perspective - is that the GROWTH in the percentage of the workforce living off pensions is slowing dramatically and is now under REAL growth, which means working folks might feel like life is getting better again.
The reason people have complained that life hasn't gotten better for workers over the last 20 years is because nearly all growth has gone to more people being retired and the 0.1%.
If you keep the same growth, but the number of people retiring slows, there's a little more wiggle room with the pie.