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a bet that future-you outlives the money present-you forgot to save.

means A regular sum of money paid to someone after they retire, typically funded over years of working life by the worker, employer, or state.

from From Latin 'pensio,' meaning a payment or installment, from 'pendere,' to weigh out or paymoney was once literally weighed on scales. The word arrived in English through Old French 'pension' in the late Middle Ages, first meaning any regular payment or stipend before settling into its modern retirement sense. The same 'pendere' root quietly weighs out 'pendant,' 'suspend,' and 'expense' — all things hung in the balance or paid out.

first oneRome paid retired soldiers in land or coin
bismarck's ageGermany set retirement at 70 when few survived it
word rootFrom Latin 'pensio,' meaning a payment
longevity riskLiving too long is an actuarial problem
underfundedMany promised funds quietly lack the actual cash
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