Russians Don’t Want Their Pensions Touched Either!
We’ve recently written a lot about the U.S. Social Security program and the long-term funding problems it faces. We’ve outlined the problem, talked about potential solutions, and discussed how I’m thinking about Social Security in the context of our quest for financial independence and early retirement.
While it won’t solve any of our domestic problems, it’s interesting to note the U.S. is not the only country where demographic changes are having a major impact on how politicians are thinking about retirement.
Last week, Bloomberg posted an article noting that Russian President Vladimir Putin has faced criticism at home following a proposed plan to raise retirement ages in his country he originally announced in June.