Row 86312

Row ID: 86312 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 86312 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Depends on the specific country and situation of course.

For most countries that have this issue, it's because social security is run like a Ponzi scheme, where newcomers to the scheme are paying in, not for their own benefit, but for the immediate benefit of the elderly who contributed in the past. The issue arises when there isn't enough money for the current crop of elderly for various reasons, such as total amount paid out, total amount paid in, increase in longevity, etc.

Why do you ask? What does this have to do with pensions controlled by private corporations?

FieldValue
text Depends on the specific country and situation of course. For most countries that have this issue, it's because social security is run like a Ponzi scheme, where newcomers to the scheme are paying in, not for their own benefit, but for the immediate benefit of the elderly who contributed in the past. The issue arises when there isn't enough money for the current crop of elderly for various reasons, such as total amount paid out, total amount paid in, increase in longevity, etc. Why do you ask?…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-24
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Raw Record

{
  "text": "Depends on the specific country and situation of course.\n\nFor most countries that have this issue, it's because social security is run like a Ponzi scheme, where newcomers to the scheme are paying in, not for their own benefit, but for the immediate benefit of the elderly who contributed in the past.  The issue arises when there isn't enough money for the current crop of elderly for various reasons, such as total amount paid out, total amount paid in, increase in longevity, etc.\n\nWhy do you ask?  What does this have to do with pensions controlled by private corporations?",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-24",
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}
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