"British ‘baby shortage’ could lead to economic decline, says thinktank
Social Market Foundation suggests measures including better childcare provision to increase birthrate"
Logic is not enough young people to support old people. But if more are born... theguardian.com/money/2021/sep…
Social Market Foundation suggests measures including better childcare provision to increase birthrate"
Logic is not enough young people to support old people. But if more are born... theguardian.com/money/2021/sep…
Pensions have always been a kind of ponzi scheme, with the later arrivals doing less well.
Perhaps inevitably, given that, when they were first introduced, the initial recipients couldn't have built up an entitlement.
But over time they've meant the young paying for the old.
Perhaps inevitably, given that, when they were first introduced, the initial recipients couldn't have built up an entitlement.
But over time they've meant the young paying for the old.
One solution is to keep signing more people up to the scheme, aka "having children". But those children will need pensions in turn, and so on forever.
A different solution would be to improve the productivity of work, such that it takes fewer people of working age per pension.
A different solution would be to improve the productivity of work, such that it takes fewer people of working age per pension.
Important: there are many reasons to have children, hopefully pensions least amongst them.
But when the logic is being advanced that more children are needed because of a pension gap, it's good to think about the big picture, long-term consequences.
But when the logic is being advanced that more children are needed because of a pension gap, it's good to think about the big picture, long-term consequences.
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