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Who is going to pay the pension for 60-70% of Americans who live paycheck to paycheck with not even US$ 1000 in the bank for emergencies?

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completely false that 60-70% of americans live paycheck to paycheck. you cannot take self-reported survey data like that seriously, the median net worth in the US is something like $200k - there are plenty of people with hundreds of thousands of dollars in the bank claiming to live paycheck to paycheck here.

given that we are already seeing serious strain for some european pension systems, i don’t think this is a very strong comparison

> the median net worth in the US is something like $200k

Only because it takes into account 401Ks.

As the other comment mentioned, remove 401k from the equation and it's much more dire. I don't include my Swedish tjänstepension when calculating my net worth even though it's quite similar to a 401k.

It's not really true though. Home equity is a different story though

Who even cares about that? We're not discussing Americans at all.

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