Re:Learning The Elite Class
by thaumasiotes on Saturday July 16, 2022 @01:36PM
(#32120157)
> Nobody's counting government benefits.
Yes, that's the problem your parent comment is pointing out.
You're not trying to count them either. The value of a pension isn't the payouts it provides. It's what an identical financial structure would cost. A pension that pays out $1 million over 15 years is worth less than $1 million.
You appear to be correct on the original point that US social security payments are pretty comparable to Finnish pension payments. As of March this year, the average Finnish payment was 1784 euros and the average American payment was 1537 dollars.
Yes, that's the problem your parent comment is pointing out.
You're not trying to count them either. The value of a pension isn't the payouts it provides. It's what an identical financial structure would cost. A pension that pays out $1 million over 15 years is worth less than $1 million.
You appear to be correct on the original point that US social security payments are pretty comparable to Finnish pension payments. As of March this year, the average Finnish payment was 1784 euros and the average American payment was 1537 dollars.