QuoteYou really think our pension systems will hold up by then when peak oil has already occurred 20 years in the past? There are quite a few people in my generation who grasp the concept that unlimited economic growth is absurd but since there are no actionable measures in place we are tied to the system.

The only thing we can count on is change.

It bothers me when people attack the pension system.  If there is a society that functions at any level in twenty years, it will be possible to print money to give to old people.  That is if a society wants to.  There may be less to give, and the books may not balance, but books do not have to balance in modern monetary policy.  They don't now, and power has everyone thinking they do.  You are a banker so you can tell us more. 

When enough people want the system changed an event will come along to spark that change.  If everyone thinks in defeatest terms the spark can set nothing off.

QuoteYou really think our pension systems will hold up by then when peak oil has already occurred 20 years in the past?

It depends on what kind of change is made.  It is possible to put a priority on food, shelter and empathy.  But with the century of the self that the western world has had, people forgot.

Consider evil Putin's Russia.  The Soviet Union fell and pensions should therefore be zero , but:

In 2022, the average "old-age" pension in Russia is 18,500 rubles (approx. $244).

The highest pensions are paid to those employed in dangerous professions, to arts and culture figures who have been awarded the title of 'People's Artist', to members of parliament, to judges and cosmonauts. For example, a judge's pension varies from 35,000 to 200,000 rubles (approx. $460 - $2,640), a State Duma deputy's pension is over 46,000 rubles (approx. $600) and a cosmonaut's is, on average, 446,000 rubles (approx. $5,900).

The system may not be 'fair' but the system exists.  And it does not have to at all.  But apparently Russian empathy exists.