this post was submitted on 23 Jan 2024
433 points (96.8% liked)
Technology
59680 readers
3291 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
My retirement position is 100% in the U.K, where state pensions (pitiful as they are) are pay-as-you-go (ie the contributions of the current labour market are used to pay the current retirees). There is no collective state fund that accumulates and then later pays out. I have a personal pension, like most, which doesn’t have a defined position in real estate (although I’m sure some of the stocks in the fund would be affected by a real estate crash, both up and down).
So yeah, like most people, I don’t want to socialise losses in somebody else’s investment nor do I expect anyone to come and rescue my personal pension if it tanks based on some global change.