Re:Nobody wants to teach anymore
by dont__panic on Monday August 22, 2022 @09:39AM
(#32551198)
Most people in their 20s and 30s today aren't getting social security anyway, so maybe this is decreasing in importance?
Personally, I don't have much faith in pension systems either. The growth ponzi scheme for US stocks can only go on for so long, and many pensions have gone belly-up in the last decade or two even though the market has been incredibly good for most of that time. If we enter a recession that lasts more than 1 or 2 years, those pensions are going to end up in worrying places for anyone who isn't already cashing out.
Personally, I don't have much faith in pension systems either. The growth ponzi scheme for US stocks can only go on for so long, and many pensions have gone belly-up in the last decade or two even though the market has been incredibly good for most of that time. If we enter a recession that lasts more than 1 or 2 years, those pensions are going to end up in worrying places for anyone who isn't already cashing out.