The Anatomy of the Pensions “crisis”

The first is to actually store the goods and services themselves, like a squirrel hiding its nuts. The young could put aside goods and, where possible, invest in the capital goods that will directly yield needed services, and then consume them in old age. This is a very inefficient strategy, indeed for many goods and most services it is impossible. Apart from the excessive costs of storage (especially of perishable goods) over time many commodities become outdated and even useless, and many services, such as medical and care services, cannot be stored at all.