Tuesday, January 20, 2004

Social Security Pensions

This story caught my eye:
Six of 10 Norwegians have no faith that their state-funded pensions will meet their economic needs after retirement. Old beliefs in the 'cradle to grave security' of the social welfare state are quickly eroding.
It should be noted that the entire population of the country of Norway is less than five million people and the number receiving state pensions is much smaller. Nonetheless, 60 percent of the citizens have no confidence that the government can effectively administer their pension program.

For the sake of comparison, there's about 300 million people in the US covered by social security and there has been discussion about also giving pension checks to illegal aliens.

What a country!

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