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by y4mi 1511 days ago
> You think teenagers are thinking about pensions...

A lot of them will be doing that, yes. They're teenagers until their 20th birthday, and a lot of people start to work between 16 and 20. In Germany, all of them will be paying a lot of their paycheck for the current pensioners.

It's called a generational contract here, and it boils down to current workers paying the current pensions - so when theyre ready for theirs, it will be the responsibility of that workforce to shoulder that burden.

This will fail within the next 20-30 years, realistically speaking and arguably already failed, as current pensioners are often extremely poor.

The parent comment was spot on with their comment wrt Germany, which was the context they explicitly set

1 comments

I've started working in my teens - retirement was the last thing on my mind, my peers as well.

If you're worried about that in your youth you're setting yourself up for a boring and depressing life. Youth should be about exploration, taking on challenges and risks, figuring out what you want to do in life - not thinking about what you're going to do past your productive years.