Mises Daily
Author:
Carl F. Horowitz
Online Publish Date:
Private pensions in this country date back more than 100 years, that is to say, to a time when most people didn’t live long enough to collect them. Nowadays Americans take living comfortably to 75 and beyond to be an entitlement. Not that longevity in itself is something to complain about, but it does have a few downsides—like a gradually sinking