Re:Half of the US government's financial assets are student ...
by candiodari on Saturday January 13, 2018 @01:14AM
(#16138492)
So what you're saying is
People should worry about pensions because they won't fail, instead they'll be adjusted to become much less, both in terms of years (longer work) and in terms of benefits (which will be your only form of income for decades).
This makes me wonder, what, exactly, do you think "failure" means, to normal people, for their pension fund/social security/... ?
In my humble opinion, it is that they'll have to work longer and make more money themselves, after getting a pension. And for various other social security recipients it'll be analogous.
So your long comment essentially says "pensions won't fail, they'll fail !". (Or perhaps one could say that you're being extremely pedantic on the exact meaning of fail versus the common meaning of fail)
Obviously the claim made to the population by social security is that they'll receive benefits for a given period. You clearly agree that that promise is unsustainable, and fail/("will be adjusted").
People should worry about pensions because they won't fail, instead they'll be adjusted to become much less, both in terms of years (longer work) and in terms of benefits (which will be your only form of income for decades).
This makes me wonder, what, exactly, do you think "failure" means, to normal people, for their pension fund/social security/... ?
In my humble opinion, it is that they'll have to work longer and make more money themselves, after getting a pension. And for various other social security recipients it'll be analogous.
So your long comment essentially says "pensions won't fail, they'll fail !". (Or perhaps one could say that you're being extremely pedantic on the exact meaning of fail versus the common meaning of fail)
Obviously the claim made to the population by social security is that they'll receive benefits for a given period. You clearly agree that that promise is unsustainable, and fail/("will be adjusted").