@Balrog @GrungeQueef @RealRaul @Eiswald The "social safety net" model of pensions has failed utterly and didn't last that long either. A government pension system relies on continuous population and economic growth, printing money to the detriment of the economy, or only paying out a miniscule number of people.

Your last example kind of shoots your case in the foot. Thanks to social security, the boomers don't need to be financially responsible or good to their kids, so they liquidate their assets.