Re:McClatchy files bankruptcy
by speakwithalisp on Thursday February 13, 2020 @12:34PM
(#22319607)
Losing their income has a greater economic impact than just their own wellbeing. Pensioners might be retired but they are still consumers with debts of their own. Homelessness alone is very costly to the U.S.
Pensioners are window-breakers, in today's society. They consume, but never produce. (This used to be less true, with grandparents providing childcare etc) This doesn't mean we should kill them all off! But the consumption of a pensioner (or retiree in general) is more akin to digging a ditch and filling it back in than it is to anything productive.
You can't build an economy on consumption alone.
Re:McClatchy files bankruptcy
by solotronics on Thursday February 13, 2020 @12:55PM
(#22319768)
Why not work somewhere high income for most of your life and then finish up somewhere with a nice pension?
Pensions depend on years worked and often don't pay out at all until typically quite a few years of service have been accrued.
Re:McClatchy files bankruptcy
by solotronics on Thursday February 13, 2020 @03:40PM
(#22321227)
I meant more along the lines of a country that has a good pension for everyone like in Scandinavian countries.
I imagine that, unless you have money that makes the question mostly irrelevant, you can't just breeze into a Nordic country around retirement age and expect to settle in and collect nice retirement benefits.
Well after you're done working, you don't work anymore. So if a country spends zero on providing pensions, they are actually more economically competitive.
Whether one would want to live there is another matter, but the lower income people have little money to move and build a life elsewhere and the higher income people can arrange a good future for themselves.