Casey Palmer5 said:It’s enough to make me realize I won't be getting a pension from this government because the whole system is going to collapse. Maybe I'll get enough for bread and milk. Honestly, I hate paying into it; money is tight as it is, and whether it's for social security or Medicare, it feels like a waste. Better to save privately than pour money into such an inefficient state system.
Besides, my generation will basically go straight from the office to the cemetery, unlike yours. Women will be working until they're 68.
In Australia, women also work until 65... depending on your birth year, anyway. The government is already encouraging people to voluntarily work until 70, and some stay even longer.
Back during the America days, everyone complained about not getting their social security and pension cash upfront, but they had no idea how good they actually had it. Farmers used to take two months of sick leave just for the harvest... you can't sustain a system like that forever.
I remember back in Australia, I couldn't even get surgery because we simply didn't have the means to live. I worked for 15 months with sciatica—I had a fractured L5 vertebra and an L5/S1 disc issue. That was in the 1970s. I actually had to borrow money just to survive for six weeks, then I went back to work without any rehab after a failed surgery... the rest is history.
It wasn't a welfare state; if you weren't working, you weren't getting paid.
It wasn't until 1974 that we got social security, and even then, it was just like today—25% of the average wage. Things aren't quite as bad where you are yet... especially if you consider that under Capitalism, being sick is often harder than it was under Communism. People seem happy, though many won't tell you the truth.
Read my last post—I waited 18 months just to see an orthopedic specialist despite being sent as an urgent case. Now I need to see a neurosurgeon urgently, so we'll see how long the wait is this time.
And as for pensions, no matter how small they get, they'll always be poverty wages somewhere in the world, even if it's just enough for milk and bread.
I didn't mean to upset you or add to your worries.😘