BETA
Chapter 1
The birth of a safety net
Chapter 2
How the money flows
Chapter 3
Calculating your slice of the pie
Chapter 4
Global cousins and future paths
YOUR GOAL
Master of How social security works
Ch 4 · Global cousins and future paths
hank Drag worker contributions into the sharing net to discover how Social Security protects retirees.
hank Social Security Funding
Pay-as-you-go, it's true! Today's payroll tax helps fund today's care!
hank Singapore's Central Provident Fund acts as a mandatory savings account for retirement, healthcare, and housing.
hank Chile pioneered a fully privatized pension system in 1981, requiring workers to invest in private funds.
Fun Fact
German retirement age: Germany's original 1889 retirement age of 70 was set partly because very few people actually lived that long back then.
Quiz
In 1981, which South American nation fully privatized its pension system, requiring citizens to use private accounts?
Quiz
What is the primary demographic driver of the funding challenges facing pension systems worldwide?
Quiz
What happens to US Social Security benefits if the trust funds are depleted and Congress takes no action?
Quiz
What is one of the main mathematical 'levers' Congress could use to solve the US Social Security funding gap?
Quiz
Which European country uses 'notional accounts' that track lifetime contributions but remain pay-as-you-go?
Quiz
What is the name of Singapore's mandatory savings program that funds retirement, healthcare, and housing?
Quiz
Approximately what percentage of wages can the combined employer-employee contribution to Singapore's CPF reach?