Delete comment from: Captain Capitalism
Bismarck set the retirement age at 70, in 1889, when the average life expectancy was 45. When generation Y retires at 80, it might not be quite as old, perhaps like today's 76 or so.
Not so great, but it's the inevitable fate of being on the wrong end of a demographic transition. Generation Z and later will be in a much stronger position.
With socialism, though, all bets are off.
Sep 8, 2012, 9:18:17 PM
Posted to The Mathematical Impossibility for Gen Y to Save for Retirement