while i pay my contributions into my UK pension, i view getting it as a bonus, not a given. let's be honest, in the UK the pension age is already almost 70, the workforce and birthrates are shrinking and who is going to pay for all those future pensioners? the pension system is ponzi-like in nature.
then of course if the gov expects you to work until , say, 70, how many people want to hire over 50s, let alone 60+? how many people are physically or mentally even up to most jobs at that age?
i don't expect the gov to out-right cancel pensions because it would be political suicide, but given the harsh facts, they are going to, at a minimum, fuck around a lot more - whether that means cutting the amounts, raising the age or doing something else shitty.
and this is something that will impact most countries because it seems like they all have birthrate problems.
that's why I see bitcoin as my pension savings, i control it, it can't be devalued, it can't be taken away from me. if more of a circular btc community starts to pop up, then i would just do spend and replace.
where most fiat currencies have a 27 year life span, i feel like, at least in the western world, we;re in a managed decline and i dont see a better or safer way out than btc.
any of you see btc as a possible pension pot?
