Pension is a Ponzi scheme. Explained in terms of economic theory, if everybody works and saves in time period 1, and retires and receives pension in time period 2, then... their pension is worthless, because there's infinite inflation, because no more goods and services get produced.
Retirement depends on having young workers. People approaching 60, 70 simply didn't have enough kids to have good retirement. It's not a problem that has easy and/or fast solutions. Yet, actions have consequences...
Retirement depends on having young workers. People approaching 60, 70 simply didn't have enough kids to have good retirement. It's not a problem that has easy and/or fast solutions. Yet, actions have consequences...