So...

[hmpf]

anybody else already know pretty much for a fact that, short of a lottery win or a surprise inheritance, they're gonna be dirt poor in their old age?

Comments

All of this is highly academic, anyway.

[hmpf.livejournal.com]

Since most of the time I don't really believe society in its current form will still be around when I'm 67. (All the more annoying, though, to have to 'give' all my money to an insurance company, never to be seen again, under the circumstances! I probably wouldn't do it, if it weren't the only way to qualify for Hartz 4 now.)

Re: All of this is highly academic, anyway.

[diotimah.livejournal.com]

I completely agree. Remember, all the insurances that predated the Great War and then the inflation of the 1920s were destroyed in said events, as were those that then predated WWII became worthless in turn. And there were similar crises in the 19th and even 18th centuries, although of course on a much smaller scale, because the vast majority of people weren't involved with 'Capitalism', but still lived on a subsistence basis. Which is why I don't think private life insurances/saving plans work anyway.