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this post was submitted on 21 Dec 2024
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Of course I understand that the money that is put in is invested, but that doesn't mean the problem goes away when the system relies on the "pot" growing at a certain rate.
EDIT:
I'm not implying that it's the same, just that the comparison fits better than you might expect.
In most PAYG state pensions the contributions made by workers are not invested. They are paid directly to pensioners.
When did I ever say the problem goes away? I am saying it is not a Ponzi scheme. You were saying it is a Ponzi scheme. Don’t move the goalposts here.