The most valid criticism of pensions is that too few workers have them. The discipline of having one imposed on you is a huge long-term advantage, even if it seems unfair in the near term
has an echo of this line of thinking. The questioning of pensions today is much more about prioritizing money at a time of soaringIt must seem that way right now if you’re trying to save a home down payment, or if your mortgage and grocery payments have increased. But having the discipline of a pension imposed on you is a huge long-term advantage, even if it seems unfair in the near term. The most valid criticism of pensions today is that too few workers have them.
Rob Carrick: A guide to starting CPP and OAS benefits when you retire – and yes, it’s on you to do that the phrase “pension envy,” used to describe resentment toward public sector workers and others who will have pensions in retirement.for Gen Zs and millennials, Globe personal finance editor Roma Luciw and I plan to dig into the views young workers have about pensions. What we already know is that their financial challenges include student debt, soaring rents, expensive house prices and high mortgage costs.” in which young adults prioritize improving their lives today over saving for the future.
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