vtsnowedin wrote:
On topic: The UK can have its low birth rate because the NHS takes care of you in old age not your surviving children.
The NHS (and pensions) are paid for out of current taxation. So as people live longer, and have fewer kids, each person of working age has to support an increasing number of wrinklies through taxes on their income. This is not sustainable, even in a BAU economy, and a complete non-starter, post peak.
Already the state retirement age is a receding horizon, rising 8 years (for women) in recent years. I am 52 and do not expect to ever 'retire'. My dad retired at 62 (he could have retired at 60) and lived another 28 years.
My inheritance is being eaten up in care home fees for my 90 y/o mum. I don't mind, but they will be gone entirely if she lives as long as my grandmother.
So far, the NHS has more or less survived the 2008 recession, because old people are a very active political force and vote for lots of money for their health care. Not for much longer.
Ironically, the NHS is heavily dependent on immigration, both to supply its staff, and as a source of tax income to fund it. Many people in the UK cite cost of welfare for immigrants as a reason to shut the borders.
One reason I adopted kids was to have at least the possibility of someone to keep an eye on me when I am geriatric. They may chose to piss off but that would be true even if they were home brewed.