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Can pensions (social security equivalent) feasibly continue to exist ?
428 sats \ 9 comments \ @stack_harder 20 Dec econ
It's no secret that state pension funds are ponzi-like in nature in that the current workforce pays for them, but we also know that in almost every country, the relative number of workers to pensioners is at an all-time low and forecasts only show it going lower. birthrates down everywhere for the most part.
now for me, I see stacking and bitcoin as, basically, my pension fund / older age support, but for a normie now, what kind of pension options will there be, apart from jacking the age up even higher, what options do politicians have? I don't think any party or politician could actually cancel it, and I don't think they should, but it's looking pretty dicey.
caviat - I'm talking about normies who are nocoiners and don't invest in other things, that have the typical state pensions they pay contributions on, not 401k style US pensions.
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40 sats \ 3 replies \ @Shugard 20 Dec
now for me, I see stacking and bitcoin as, basically, my pension fund
That's the way to go!
There will be nothing for the normies. They will fall. In Germany, where I come from, most people do not even save in ETFs or shares.
I see my pension contribution as a tax for living in Germany. I don't think I will get a penny back later. It is over 200 EUR every month for the overlord not to punish me for misbehaviour.
BTC is the only thing that will be left when I am old.
For most normal people, poverty is the only thing left when they get old.
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21 sats \ 2 replies \ @stack_harder OP 20 Dec
problem is they are looking at the past boomer golden pensions thinking they will get the same , people are dreaming.
i remember hearing that Germans are very averse to investments or risk perception, would you say this was generally true?
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10 sats \ 1 reply \ @Shugard 20 Dec
i remember hearing that Germans are very averse to investments or risk perception, would you say this was generally true?
Definitely for anyone over 35! They have their money eaten up by inflation in savings accounts.
Most people I know around 25 have at least 10-20% in ETFs these days. We are getting there, but way too slowly for my taste.
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0 sats \ 0 replies \ @stack_harder OP 20 Dec
at least the younger gen are waking up a bit , so not all bad. well, they;ll have to wake up i suppose!
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14 sats \ 0 replies \ @denlillaapan 21 Dec
Don't think so, no.
They're a feature of the broken money, a tax-efficient way to move fiat value around.
With good enough money available (gold or bitcoin, let's say), the need for them should just dwindle.
anyway, I've tried to reason about some of these topics, e.g. here: https://thedailyeconomy.org/article/how-societies-save-for-an-uncertain-future/
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10 sats \ 1 reply \ @Akg10s3 20 Dec
No, they are still feasible, at least here in South America... they are a total scam..!! And at a global level, it is something that continues to decrease because now there are fewer young people who dedicate their lives to working in a single company... and if not, it is because they discover the super power of Bitcoin and get fully into piling up everything they can because they know that it is the future and something that will really serve them when they are old!!!
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0 sats \ 0 replies \ @stack_harder OP 20 Dec
i think in the West, until we get to the point where the pension payment doesn't buy much is when people will wake up, will be too late by then of course and the normies will be calling for our btc to be redistributed for 'fairness'
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21 sats \ 1 reply \ @SwapMarket 20 Dec
yes, they are all scams, people will get rugged
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0 sats \ 0 replies \ @Skipper 20 Dec
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