To make the numbers work, pay-as-you-go state pensions require a high ratio of workers, who pay into the system, to retirees, who get money out. This leads some governments with growing populations of pensioners to push for higher birth rates. However, according to a climate report by Lund University having one less child is the most impactful action for reducing climate change, 24 times more so than living car free. High yielding investments require economic growth, something that risks putting ever greater pressure on the environment. Pensions and retirement are relatively recent.

Source: Le News April 03, 2019 15:55 UTC