The truth about the national pension crisis theory

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According to Lee Sang-min, a member of the National Living Research Institute who writes a column for the Hankyoreh to inform the truth about economic news, the fact that the national pension will be exhausted in 2055 means that the government will not provide a single penny of financial support until then, and the pension fund rate of return is 4.5%. This is said to be what happens when pension reform is never implemented.

In reality, it maintains a rate of return of over 5.9%, and if the rate of return so far is maintained, the fund will be depleted in 2070, and if the rate of return is increased, the depletion point will be delayed further.

https://www.hani.co.kr/arti/economy/economy_general/1138387.html#cb

I think that someone will definitely come up with an innovation that solves the current problems in the future. One of the representative measures is immigration policy. It seems necessary to take measures to prepare for the increase in crime rates when immigration policies are accepted.

In any case, reform must be carried out in the direction of paying more and receiving more, like in advanced Western countries. Only then can Korea's elderly poverty problem rise to the level of developed countries.

Poverty in the young with income and poverty in the elderly with no income but only expenses are two different levels.

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