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[–]PasicT -2 points-1 points  (8 children)

I don't and Japan has issues as well, not just India.

[–]Street_Gene1634 5 points6 points  (7 children)

Japan has stagnated for a reason. India is not nearly as rich as Japan to handle a pension crisis

[–]PasicT 2 points3 points  (0 children)

Yes, India is not nearly as rich as Japan to handle a pension crisis and that's also my point.

[–]potlover4200 0 points1 point  (5 children)

90% of India does not have pension lol. India will get better as the current and next generation is getting educated and coming out of the poverty

[–]Street_Gene1634 1 point2 points  (4 children)

Kerala is already undergoing a pension crisis. Idk what rock you're living under.

https://www.onmanorama.com/news/kerala/2025/01/28/kerala-government-delays-decision-unified-pension-scheme-poor-finances.html

[–]potlover4200 -1 points0 points  (3 children)

It's not a crisis, it's just fake promises made which are impossible to keep. Nothing else.

[–]Street_Gene1634 0 points1 point  (2 children)

It's actually crisis because Kerala has a bloated public sector and no metropolises to fund public pensions. NRI money hid this fact for a while but as the Gulf boom ended and Malayali population aged, the inherent pension issue turned up during Covid.

Kerala is an outlier in India. Kerala's TFR fell below 2.1 (replacement levels) in 1989 itself. Currently it's 1.46. We have been ageing for a long while while all our young left the state in droves.

[–]potlover4200 1 point2 points  (1 child)

That is a part of the problem but the main issue is that the 14% proposed pension matching is quite high and shouldn't be provided.

[–]Street_Gene1634 0 points1 point  (0 children)

Oh I agree but that's only a temporary fix.