117 sats \ 4 replies \ @jp305 6 Jul \ parent \ on: European Pension Systems: A Looming Crisis econ
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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