alt Hacker NewsAhh yes, yet another vehicle to move public money to the private markets, continuing to prop them up for the current retirees.
Ahh yes, yet another vehicle to move public money to the private markets, continuing to prop them up for the current retirees.
You want to check out Superannuation in Australia.
It's been a pretty successful program to reduce the amount of support retirees need.
https://en.wikipedia.org/wiki/Superannuation_in_Australia
From :
https://www.aman-alliance.org/Home/ContentDetail/97783#
"At the other end of the scale are Australia, Chile, Iceland, Ireland and South Korea, with spending on pensions below 4% of GDP, albeit for different reasons."