Does pensioners affect country economy?

[Eodine]

Since tax is being deducted from pensioners money which they are entitled to for working for a company over the years then we can say that pension affects the economy since tax still goes to the government

 

[Richard92]

To my understanding about pension I don't think that things unions affect the country's economy. The idea of introducing pension is to assist those who has served in their different place of work for at least 35 years to still have what to take care of themselves after service.

 

[Bangiszz]

A nation can't change its legitimate source and gift, however it can change annuity arrangements and change government backed retirement framework. A supported benefits framework with gathers annuity resources could advance a country's monetary turn of events and financial development.

 

[Ridwan Mohammed]

Of course not, pensioners do not effect the country's economy. They're only taking back what they kept for the future, which they already saved from there past salaries. Summarily, Pensioners save for dry seasons during Raining season.

 

[shakky2]

pensioners are not in anyway a burden to the economy they are rather part of the progressive factors of the economy as they have worked tirelessly during their service years to improve and add their impact to the economy through their God given talent and knowledge

 

[Onachukwu]

Recent studies reveal that public pension benefits have positive effects on local and state economies. In 2019, state and local government retirement systems in the U.S. distributed $155 billion more in benefits than they received in taxpayer-funded contributions. Personal income from state and local government pensions exceeds the personal income derived from the nation's farming, fishing, logging, and hotel/lodging industries combined. The expenditure of public pension benefits results in an economic impact that reaches every city and town of every state.
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Recent studies reveal that public pension benefits have positive effects on local and state economies. In 2019, state and local government retirement systems in the U.S. distributed $155 billion more in benefits than they received in taxpayer-funded contributions. Personal income from state and local government pensions exceeds the personal income derived from the nation's farming, fishing, logging, and hotel/lodging industries combined. The expenditure of public pension benefits results in an economic impact that reaches every city and town of every state.

 

[HIFSA LAHORI]

I don't think there is such a thing. If a pensioner gets the reward of working for the government for so many years, then it is up to him to enjoy his pension well.

 

[Setho]

On a normal, around the world, the average life expectancy is always increasing and that old population needs to be fed and catered for too. If the economy and revenue generation of a country is not growing with all those metrics, then they would find it hard to pay pensioneers in full and that is exactly what is happening in my country.

 

[Frank]

It is quite unfair to analyze the living style of pensioners from this angle. The truth is that they have been in active for a number of years contributing their quota to the economy. You don't expect them to spend like active workers once they've retired as that can be looked as being stupid on their part.

 

[Irfanali]

Pension savings can lead to deeper and more efficient capital markets. Pension savings increase direct funds in capital markets available for private investment. In addition, deeper capital markets can lead to better distribution of capital, thus improving overall performance and economic growth (Vergler 2000).

 

[Bangiszz]

A nation can't change its lawful beginning and enrichment, yet it can change annuity strategies and change federal retirement aide framework. A subsidized benefits framework with collects annuity resources could advance a country's monetary turn of events and financial growth.so more or less there's no how it can change a country a nation economy.

 

[Akinwale701]

While baby boomers are working longer, their inevitable retirement will have widespread effects on the American economy. Expect high impacts on consumer spending, as retirees not only produce less but also consume and spend less.
While state and federal pensions are typically adjusted for inflation, most private pensions are not. A 2000 Bureau of Labor Statistics survey reported that only nine percent of blue collar and service industry employees who are in traditional pension plans received an automatic cost of living adjustment in that year.
The retirees are considered to be an important component of my country's economy primarily because they help keep our economy running by saving their money little by little which then, in turn, get used by our government for different kind of development works.

yes, they do. if pensioners are well paid on time, they won't contribute burdens to the working population and this will in turn improve the economy of a country.

 

[Samuel77]

Over here in my country pensioner does not affect the country economics, but some countries that I'm not financially stabilized, this might affect economics

 

[Muhammadawais]

Pensions help to develop the economy in a variety of ways at the family, community, and national levels. They are used to invest in children within families, addressing stunting and encouraging them to attend and do well in school, thus assisting them in becoming a more competitive and efficient workforce.

 

[Spicywilfred]

From your post I am actually asking myself right now why should pensioners affect an economy. I mean they are enjoying the fruit of thier labour and have every right to spend their money the way they want.

 

[Chibson]

Pensioners are those that have driven the economy during their working days. So, they deserve to enjoy their retirement.

 

[joy101]

Not really, I don't think that the country economy affected their pension, because pensioners need to enjoy their pension money when them are retired.

 

[Dubai]

Nice write up. You have said it all. Indirectly, the pensioners affect the economy as they are quite critical in the sector of finance, labour, and economy.

 

[Victor001]

To some extent yes, Because it will affect the Gross domestic product of the country, knowing fully well that as more people are living there will be need for replacement,and the needs of those replaced must be met.

 

[Fizzy_boi]

Pensioners should not affect a country economy at all .why should it ? The country should have put in place proper measures to provide and ensure pensioners are paid without disrupting the countries economy.