Pensions are a major concern for many people in the industrial countries. I wonder what percentage of the world’s population has a pension and what the rest do.
Our standard of living in retirement will depend not upon how much “money” is in our pension fund but on the ratio of population to the quantities of goods and services our economies will be capable of producing and our ability to obtain a share of that.
There are two things that could take away our retirement savings – inflation or the failure of financial institutions.
Maybe the best pension fund would be a market garden.