Yes. But the elderly get that money from past labor. Which does not contribute in the present. The entire system of retirement is built on the assumption that you work for more than 1 person until retirement to provide for the elderly (and well, also to provide for children) so that then, once you are retired yourself, the next generation will provide for you.
There being fewer children does feather the effects a little though.
There being fewer children does feather the effects a little though.
Neither children nor elderly work. Being that children cost more (require more labor input) than elderly, there is a surplus from having fewer children.
Yes. But the elderly get that money from past labor. Which does not contribute in the present. The entire system of retirement is built on the assumption that you work for more than 1 person until retirement to provide for the elderly (and well, also to provide for children) so that then, once you are retired yourself, the next generation will provide for you.
There being fewer children does feather the effects a little though.
Neither children nor elderly work. Being that children cost more (require more labor input) than elderly, there is a surplus from having fewer children.