Quote:
Originally Posted by Captain Morgan
This doesn't seem much different than our problems with SS. Was just talking with co-workers today and we figure one of two things will happen with SS. A. it will go bankrupt before we reach an age to be paid any SS money. B. collection age will be raised to 90 in order to keep SS "profitable"
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Unless something changes SS is nothing more than a black hole. When the system was created only something like 1 in 7 people were expected to collect. That math has significantly changed but the SS system has not adapted. Under the current system SS is unsustainable.
Also, my math was off. I screwed up and added 10 years to everything. It is actually going from an average of 21.5 years to 19.5 years for French citizens after retirement.