Undiagnosed Cognitive Decline Eats into Seniors' Retirement Savings
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Re: Undiagnosed Cognitive Decline Eats into Seniors' Retirement Savings
#2Re: Undiagnosed Cognitive Decline Eats into Seniors' Retirement Savings
#3Study: https://www.journals.uchicago.edu/doi/abs/10.1086/728697 | https://doi.org/10.1086/728697
(Paywalled unfortunately)
Re: Undiagnosed Cognitive Decline Eats into Seniors' Retirement Savings
#4The working paper version of this isn't paywalled https://econpapers.repec.org/paper/izaizadps/dp13725.htm
Re: Undiagnosed Cognitive Decline Eats into Seniors' Retirement Savings
#5https://archive.today/PlV9l
> chive_bot
I’ve pitched a similar idea to dang maybe a month ago, he said it’s probably best left for humans. (Personally, I still think it would be useful tho!)
Re: Undiagnosed Cognitive Decline Eats into Seniors' Retirement Savings
#6no wealth, no loss
Re: Undiagnosed Cognitive Decline Eats into Seniors' Retirement Savings
#7i strongly oppose the American approach to pensions, which is regrettably spreading worldwide.
relying on private savings to finance retirement is highly risky, and this is the crux of the article in question.
pension systems should be administered through public programs, not turned into moralistic contests in which individuals are penalized if their investments fail for any reason (and it's only their fault... while it's clear it's a social failure).
basic solidarity is essential in ensuring both the health of retirees and the fulfillment of reasonable expectations for a secure retirement.
Re: Undiagnosed Cognitive Decline Eats into Seniors' Retirement Savings
#8i strongly oppose the American approach to pensions, which is regrettably spreading worldwide. relying on private savings to finance retirement is highly risky, and this is the crux of the article in question. pension systems should be administered through public programs, not turned into moralistic contests in which individuals are penalized if their investments fail for any reason (and it's only their fault... whil…
Public pension schemes always end up being turned into Ponzi schemes for short term political gain, especially as birthrates keep dropping.
US social security and Medicare are a great example of this but you'll find similar examples throughout the western world.
In contrast private retirement plans put the individual in charge of their own retirement (why should the government be telling you when to retire?) and doesn't put a financial burden on unborn generations.
Re: Undiagnosed Cognitive Decline Eats into Seniors' Retirement Savings
#9i strongly oppose the American approach to pensions, which is regrettably spreading worldwide. relying on private savings to finance retirement is highly risky, and this is the crux of the article in question. pension systems should be administered through public programs, not turned into moralistic contests in which individuals are penalized if their investments fail for any reason (and it's only their fault... whil…
I agree, but the German one is also pretty dodgy: Basically pay the rents of the old generation from a share of the working one. It's already coming apart due to demographic change and the next few years will be disastrous.
If there's an approach to model imho it's the Norwegian one: Actually backed by stocks, but managed and distributed by a central investment fund. It's far easier if the country is smart enough to centralize oil profits as well though...