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40 sats \ 3 replies \ @Shugard 20 Dec \ on: Can pensions (social security equivalent) feasibly continue to exist ? econ
That's the way to go!
There will be nothing for the normies. They will fall. In Germany, where I come from, most people do not even save in ETFs or shares.
I see my pension contribution as a tax for living in Germany. I don't think I will get a penny back later. It is over 200 EUR every month for the overlord not to punish me for misbehaviour.
BTC is the only thing that will be left when I am old.
For most normal people, poverty is the only thing left when they get old.
problem is they are looking at the past boomer golden pensions thinking they will get the same , people are dreaming.
i remember hearing that Germans are very averse to investments or risk perception, would you say this was generally true?
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i remember hearing that Germans are very averse to investments or risk perception, would you say this was generally true?
Definitely for anyone over 35! They have their money eaten up by inflation in savings accounts.
Most people I know around 25 have at least 10-20% in ETFs these days. We are getting there, but way too slowly for my taste.
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at least the younger gen are waking up a bit , so not all bad. well, they;ll have to wake up i suppose!
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