I think young and old sometimes misunderstand what a pension is. It's not a store of food under the bed. It's a claim on the ongoing productivity and functioning of society.

Not necessarily. Can be the return on investments funded by employer and employee

There's a reciprocal obligation. The young need to respect the claims made on them to some degree because they in turn will want to make claims on the future young when they are old. If they did their bit, they are more likely to find that reciprocated.

What I find interesting is that this is true both when the pension is unfunded (ie state pension) and when the pension is an investment pot.

Deep 🫡