But one thing I'm rather certain about: the world will be significantly poorer in 50 years. And that I'll be totally dependent of my children, since it's unlikely I'll ever see one cent of my pension.
That's the one thing I would most resolutely bet against among predictions about the future fifty years from now. I've been hearing predictions of a poorer world to come throughout my more than fifty years of life, and they have consistently been proved wrong.
I may not have total buy-in to the views of the author I cite below,
http://www.rationaloptimist.com/books/rational-optimist-how-...
but he is on the right track about the long-term historical trend, which is increasing worldwide prosperity. That's a trend I have observed in all the countries I have lived in or visited, on two continents.
Long term looks good, when we're talking about over 100 years.
Have you considered saving money in addition to your ephemeral pension?