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Cake day: October 16th, 2024

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  • RedFrank24@lemmy.worldtoPolitical Memes@lemmy.worldDon't be fooled
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    13 days ago

    They are kind of a crisis for pensions, mind. The whole idea of a state pension is that for every worker there are approximately two more paying in to cover the costs of the pensions. Every generation is paying the pensions of the previous generation. Obviously it’s actually less than two because of tax brackets and the fact that people die early, but on the whole, it’s roughly two people.

    If population declines, well you’re gonna have to re-think your pensions and social care and find the money and/or labour somehow.