Why Your Pension Depends on Other People's Children w/ Paul Morland

<p>What happens to your pension when there is barely one worker left per retiree? Why does a demographer say the best money decision you can make in your thirties is having a child? And why does he think the next great crisis will be a bond crisis?</p><p>Paul Morland is the demographer behind No One Left. His next book, Bust: The Economics of Population Decline, is out in November.</p><p>He walks Poppy through the economics of a shrinking population, a story usually argued as culture and never costed as money, and what it means for your tax bill and the state that promised to look after you.</p><p><br>In this episode:</p><p>◼️ How a low birth rate turns 100 people into 40, then into 16, inside two generations</p><p>◼️ What an ageing country does to your wages, your savings and your tax bill</p><p>◼️ Japan as the preview, going from 8 or 9 workers supporting each retiree to barely one</p><p>◼️ Why Paul thinks the next crash will come from governments that cannot pay their bills</p><p>◼️ Why he calls the state a Ponzi scheme once the population pyramid inverts, and what he thinks happens when it can no longer meet its promises</p><p>◼️ Why he says not to count on a state pension, and what he tells anyone in their thirties to do instead</p><p>◼️ Why you cannot fix a worker shortage by sending half the workers home</p><p>◼️ What happens to birth rates when men pick up more of the housework</p><p>◼️ The changes employers could make tomorrow, starting with why offices have gyms and no nurseries</p><p>◼️ How the tax system could pay mothers back for the pension years they lose</p><p>◼️ Why he does not believe AI or robots will be looking after us in old age</p><p><br></p><p>💜 Stream on Spotify: <a href="https://tr.ee/hgfspotify"><u>https://tr.ee/hgfspotify</u></a></p><p>💜 Stream on Apple Podcasts: <a href="https://tr.ee/hgfapple"><u>https://tr.ee/hgfapple</u></a></p><p>💜 Follow us on Instagram: <a href="https://www.instagram.com/hgf/"><u>https://www.instagram.com/hgf/</u></a></p><p>💸 Powered by Aave App. Start saving smarter: <a href="https://aave.com/app"><u>https://aave.com/app</u></a></p><p><br></p>