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People need to be educated more about putting their retirement in their own hands.

I think about this every paycheck, when I see the amount of money being taken from me to go to support someone else in their retirement. The promise is that I'll likewise be supported by others in the same way in my old age. I fear the reality is that I will never see the money again.

My generation will be lucky if the pension we get can afford a loaf of bread (I'm from Spain). When I tell people to save and invest to have a plan B since the public pensions are unsustainable in the medium to long term they refuse to believe it. We can't kick the can down the road forever... but p...

The source please!?

79% funded according to recent reports https://www.plansponsor.com/funded-status-of-the-largest-public-pension-funds-rises/

Good times

This will end badly…….

In fiat, the average joe props up the system with THEIR time & energy thru usury-debt servitude. The citizen is the human-miner reaping empty promises of future reward. But..there is no pension. In Bitcoin, work is transfer over to miner-machines freeing the human to enjoy the present.. or at most...

Can’t taper a ponzi

And this was 2021!

you have no idea how many in my office sacrifice their salaries ( proof of slavery ) into pension funds. 99.9% of them do. i am the only one all in into #bitcoin and they tell me i am crazy 🤪 😜 🙃 😅

Yep, at least now, I'm sort of paying my parents' pensions, but after that...

That's one hell of a chart. It's almost as though it's been extracted.

just keep raising the retirement age until everyone dies. problem solved.

“They dont know there’s trillions in unfunded pension liabilities”

Here in Finland, employees contribute 7-9% of their salary to "pension funds" and employers contribute 17-18%. That's 25% of the salary into this disastrous ponzi scheme. Everyone knows they are royally screwed, yet they do nothing. The government just sneakily raises the retirement age by 3 months ...

And people are laughing at me when i tell them that me and my peers are not going to get any retirement money ...

I think Switzerland and Norway will have a much smaller problem with this than Spain and Italy 😅

Thinking about it closely, they have what they deserve, voting and supporting socialism for decades. And I am from the first one, Spain. It's going to be an incredible disaster.

Denmark seems unusually good; not crossing total GDP, and lowest proportion of unfunded liability. What are they doing differently?

Money printers bouts to go brrrrrr like the ice age

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Where does the USA fall on this chart?

This subject is too loaded for this platform but I’ll leave a few bytes to chew on: 1. The unfunded pension liability in the US is over $200T which puts us over 600% - IF AND ONLY IF you believe the assumptions 2. Don’t believe the assumptions. I’m an actuary and used to set these assumpt...