Impossible to tell, but there's factors making it more likely to happen this time than in previous generations. Probably the biggest factor is the declining population, which no government around the world has been able to materialise an answer to.
My personal retirement plans assume no social security. Anything I may get in old age is a nice bonus, but in my planning, it's not the beef.
My personal retirement plans assume no social security. Anything I may get in old age is a nice bonus, but in my planning, it's not the beef.