62 sats \ 8 replies \ @Undisciplined 6 Jul \ on: European Pension Systems: A Looming Crisis econ
Do people believe they're going to receive these benefits?
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59 sats \ 1 reply \ @TomK OP 6 Jul
100%
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62 sats \ 0 replies \ @Undisciplined 6 Jul
That's not going to end well.
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117 sats \ 4 replies \ @jp305 6 Jul
They will receive it, it's just not gonna be worth what they're expecting.
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95 sats \ 3 replies \ @Undisciplined 6 Jul
It'll be interesting to see. States and cities in the US have defaulted on unfunded pensions in the past. It's one of the reasons we have defined contribution plans now.
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92 sats \ 2 replies \ @TomK OP 6 Jul
In the EU they'll receive endless bailouts
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95 sats \ 1 reply \ @Undisciplined 6 Jul
Everyone thinks they;ll get endless bailouts, until they don't. By definition, unsustainable things come to an end.
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59 sats \ 0 replies \ @TomK OP 6 Jul
Yeah, but let us try it again. This time it's different
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38 sats \ 0 replies \ @duvel 6 Jul
Great question. I always say to people that when you retire, don't expect to receive it. A lot of the times people are actually shocked when they imagine it's true.
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