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- cross-posted to:
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The Absurdity of the Return-to-Office Movement::The return-to-office demands make little sense from an overall economic perspective, while working parents, in particular, benefit from not having to waste time commuting to an office, writes Peter Bergen.
My retirement position is 100% in the U.K, where state pensions (pitiful as they are) are pay-as-you-go (ie the contributions of the current labour market are used to pay the current retirees). There is no collective state fund that accumulates and then later pays out. I have a personal pension, like most, which doesn’t have a defined position in real estate (although I’m sure some of the stocks in the fund would be affected by a real estate crash, both up and down).
So yeah, like most people, I don’t want to socialise losses in somebody else’s investment nor do I expect anyone to come and rescue my personal pension if it tanks based on some global change.