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A comment on The Pension Hole for U.S. Cities and States Is the Size of Japan’s Economy. Parent comment

Re:The Pension Hole for U.S. Cities and States Is the Size o... by sheepmullet on Monday July 30, 2018 @06:50PM (#17648901)
> If pensions are inherently unsustainable then you must conclude that it is unsustainable for a society to care for itself.

How do you figure?

It is unsustainable for us to support all people over e.g. 60. But we can support the 5% over 60 who really need the support and can't look after themselves.

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Re:The Pension Hole for U.S. Cities and States Is the Size o... by sykhic on Monday July 30, 2018 @07:10PM (#17649030)
Supporting that 5% who really need it would effectively be a means tested pension system. The point of a pension (retirement savings) is to prevent masses of destitute elders. The goal is to have a society in which masses of elderly are not left without means to live at a reasonable standard. That’s the purpose of a pension system. If the goal can be effectively accomplished in another way then I support it. I’m not personally tied to the notion of a pension system.
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