By Smoke Dogg Go To PostCan you guys explain to me how the working population numbers went up and yet the retirement age still increased? I'm trying to square that up but the quadratic formula failing me.rise of part-time jobs and lesser benefits
more people are employed, but the employment stinks
By Kibner Go To Postrise of part-time jobs and lesser benefits
more people are employed, but the employment stinks
Ok so the country's gameplay mechanics or gameplay loop or combination thereof are broken basically
By Smoke Dogg Go To PostCan you guys explain to me how the working population numbers went up and yet the retirement age still increased? I'm trying to square that up but the quadratic formula failing me.Life expectancy is increasing, health care costs are increasing, the aging population is a bigger strain on the system than it used to be. The babyboomers are getting up there with relatively fewer tax paying workers to support them.
Alternatively the Bilderberg Group will exploit us untill we're with one foot in the grave because praise capitalism.
I think life expectancy actually went down this or last year.
e: dropped for the second time in three years: https://www.aafp.org/news/health-of-the-public/20181210lifeexpectdrop.html
e: dropped for the second time in three years: https://www.aafp.org/news/health-of-the-public/20181210lifeexpectdrop.html
By Kibner Go To PostI think life expectancy actually went down this or last year.
e: dropped for the second time in three years: https://www.aafp.org/news/health-of-the-public/20181210lifeexpectdrop.html
America, fuck yeah
By Baconsaurus Go To PostLife expectancy is increasing, health care costs are increasing, the aging population is a bigger strain on the system than it used to be. The babyboomers are getting up there with relatively fewer tax paying workers to support them.
Alternatively the Bilderberg Group will exploit us untill we're with one foot in the grave because praise capitalism.
Wouldn't one think that if healthcare costs are going up, that accordingly life expectancy would go down?
At what point does it become too expensive to live?
By Baconsaurus Go To PostLife expectancy is increasing, health care costs are increasing, the aging population is a bigger strain on the system than it used to be. The babyboomers are getting up there with relatively fewer tax paying workers to support them.
Alternatively the Bilderberg Group will exploit us untill we're with one foot in the grave because praise capitalism.
To whose profit? We should look into that.
It's pretty disgraceful that a population would allow its retirement age to increase. That should be an existential crisis for a society.
By Kibner Go To PostI think life expectancy actually went down this or last year.Well that's unfortunately the dirty communist European in me who assumed the same trends existed in most OECD countries.
e: dropped for the second time in three years: https://www.aafp.org/news/health-of-the-public/20181210lifeexpectdrop.html
By Smoke Dogg Go To PostWouldn't one think that if healthcare costs are going up, that accordingly life expectancy would go down?What you are waiting for is a breaking point where people are priced out of appropriate health care right? I guess that's what is going on in the US. (I'm really not that familiar on this topic regarding to the US specifically as it appears to be an outlier in many aspects. For example I know that one of the reasons of the life expectancy going down in the US is the opioid crisis. It's all a mish mash of factors.) Right now people are very worried about nationalised health care systems across Europe, because it will get more expensive. Brexiteers played into those fears with the NHS propaganda bus for example.
At what point does it become too expensive to live?
To whose profit? We should look into that.
It's pretty disgraceful that a population would allow its retirement age to increase. That should be an existential crisis for a society.
And I don't think there is some major conspiracy driving up the retirements age. People broadly speaking are not only getting older, they are also healthier. If you're fit to work then you probably should be working. 65 is a nice round number but I'm guessing the 65-year-old of today is in better shape than 50 years ago. This might be different in the US though.
iirc, 5% of patients (in the US) account for 50% or more of total healthcare spending. It's the rare cases, the minor life extensions and what not that contribute to ever growing expenditures.
By Smoke Dogg Go To PostWouldn't one think that if healthcare costs are going up, that accordingly life expectancy would go down?
At what point does it become too expensive to live?
To whose profit? We should look into that.
It's pretty disgraceful that a population would allow its retirement age to increase. That should be an existential crisis for a society.
Funny this is the topic of discussion, in the UK people are definitely living and worker longer because pensions just dont cover the life expectancy any more.
There is a product called equity-release, which is essentially a plug in for when your pension runs out but only applicable if you own your house (and is a product waiting to blow up imo).
Pensions are a scam to begin with. Honestly you make more just investing in the market yourself. The big play though is establish a business practice acquire enough capital to invest in property and land then live off those income streams.
By Baconsaurus Go To PostWhat you are waiting for is a breaking point where people are priced out of appropriate health care right? I guess that's what is going on in the US. (I'm really not that familiar on this topic regarding to the US specifically as it appears to be an outlier in many aspects. For example I know that one of the reasons of the life expectancy going down in the US is the opioid crisis. It's all a mish mash of factors.) Right now people are very worried about nationalised health care systems across Europe, because it will get more expensive. Brexiteers played into those fears with the NHS propaganda bus for example.
I'm just wondering how a system can sustain both variables of healthcare costs and life expectancy going up at the same time. Of course people are going to get priced out eventually; you don't have to wait for it.
By every right, healthcare costs should go down. That's how technological progress and the development of society works in literally every industry. If costs are going up, then something somewhere is broken. There is going to be a reason for those costs, and perhaps it is the healthcare system itself that is sick, then. Either it is a system that was never sustainable in the first place, or it is a system whose administrators failed to develop it properly.
By Baconsaurus Go To PostAnd I don't think there is some major conspiracy driving up the retirements age. People broadly speaking are not only getting older, they are also healthier. If you're fit to work then you probably should be working. 65 is a nice round number but I'm guessing the 65-year-old of today is in better shape than 50 years ago. This might be different in the US though.
Retirement is much more about whether or not you are still able to bend your back and earn a buck for the capitalists, though.
There's a reason why people would love to retire early, and why many people actually opt to do so as soon as possible, and it isn't just to lay around being lazy contributing nothing to society.
There are many things that people can finally volunteer to do, by spending time with those in need, and devoting their energy and intelligence to real problems that a corporation would never care to do because something isn't profitable.
People who are able to retire early are able to finally collect their hard-earned pension and live their life according to their own needs and desires, according to how they see a best fit for what they have to offer in return to a society that made it possible for them to come up.
They are able to devote themselves to other passions, that are more helpful to society overall, because there wouldn't have to be a profit motive behind it.
Think of the economy we're living in where both the young and the old are cannibalizing each other's prospects because that's how it's made to be. That's not sustainable, and is actually cancerous.
We could solve all these problems that corporations and governments are either unwilling or unfit to do, but we'll never get around to it because everybody is working past the age of 69.
There's a reason why our society is so fucked and it all starts with the retirement age.
We aren't doing enough for our elders.
By Lunatic Go To PostPensions are a scam to begin with. Honestly you make more just investing in the market yourself. The big play though is establish a business practice acquire enough capital to invest in property and land then live off those income streams.
Your looking at the problem to simplistically, they are not a scam at all, pensions themselves are a good thing. There a rules designed to stop them from being geared to risky financial products. So if you can find a way to produce 8/9% year in year out with no risk attached then sure. It's why they have so much in aaa government bonds etc, but that's all about to change (certainly in the UK) as hedge funds have been performing pension buy outs which will all end in tears
Bruh government mandates pensions here. Shit lost money the year the market went up 20%. I get 10% of my salary deducted for that shit. Fuck that. Mother worked her whole life in public service gets a shitty pension payout of $650 a month. Don't come with the that shit to me.
I'm no expert but a critique on pensions is essentially that a company is making money off of your money when you yourself could be doing that like Lunatic mentioned. I've even heard of companies being able to collect life insurance on their employees once they die.
Properly protected pensions also backed with SS are great. My mom makes bank each month and she was just a retail clerk but had a solid af union at the time. That all got pissed away though.
By rerixo Go To Postlol if you think the average person should be choosing their investmentsIn a country that specialises in financial services yes they should.
Pensions are the dream. Gimme that free money
By Lunatic Go To PostIn a country that specialises in financial services yes they should.lol what country is this
Saying pensions are a sham is such a libertarian thing. We can argue on terrible pension practices but most people just dont have the knowledge on how to invest for their old age.
It's so easy to take the things we know for granted.
It's so easy to take the things we know for granted.
By DY_nasty Go To PostPensions are the dream. Gimme that free moneyCayman. Half the country works in it. Pensions are racket. Fuck em
lol what country is this
By Lunatic Go To PostCayman. Half the country works in it. Pensions are racket. Fuck emlol wow that explains a ton
state and federal pensions are one of the few things you can trust in the US. There used to be even more but people gradually continue to forget more and more about how fuckin awesome unions were.
also, trusting the market out here? Nah. It seems every year millions get fleeced out of their retirement money...
Lunatic, just because it's terribly implemented in your country does not make the idea of pensions in general is a scam.
I'll take a real pension guaranteed and backed by a broad employment union across an industry versus here's some indirect funds to "play the market" any day.
By Random Ass Username Go To PostProperly protected pensions also backed with SS are great. My mom makes bank each month and she was just a retail clerk but had a solid af union at the time. That all got pissed away though.Your mom's cash or the union?
By FermentedFungi Go To PostYour mom's cash or the union?Union just got weaker in regards to newer employment and leadership infiltrated by shitheels.
By FermentedFungi Go To PostYour mom's cash or the union?
This isn't unusual for the Army. Sorts of dudes that need prison, not military training.
By Smoke Dogg Go To PostEdit: Sorry, nvm, dumb question.Impossible
Funny to see "Bernie stayed in the race too long and damaged Hillary" people flat out suggesting candidates smear Joe on his creepiness during the primaries.
By Baconsaurus Go To PostImpossible
Man I thought we were friends
By Fenderputty Go To PostPensions are awesome. Ask my union father who has multiple.
Please, tell us what he does with his free time.
Does he just lazy around contributing nothing to society as opponents of welfare would have us believe?
By Baconsaurus Go To PostImpossible
No really, trust him on that one.
By Fenderputty Go To PostPensions are awesome. Ask my union father who has multiple.Damn, baby boomers stay winning.
By Smoke Dogg Go To PostPlease, tell us what he does with his free time.
Does he just lazy around contributing nothing to society as opponents of welfare would have us believe?
IBEW is a private and not a public union (public unions get the most criticism and sometimes rightfully so because the task of firing someone is near impossible, sort of like the teachers union). To answer your question though ... he's gonna have a hard time in retirement because he values his work so much at a personal level. I hope he finds hobbies.
By Perfect Blue Go To PostDamn, baby boomers stay winning.
True. I personally love the "Pensions are a racket" shtick I read on this page. They're such a racket for capitalists, companies all ditched them for 401K's. lol