RE: Austrians finally started to invest in stocks. For mainstream media it is a warning sign.
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So far Austria had a very generous pension system, so the need for private pension savings account was not as big as in the US, but going forward I wouldn't solely count on the public pension system any more. Too much debt, budget deficit, changing demographics etc.
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That's good that there is a good pensions system in place. But ya, probably best not to solely rely on it. You never know nowadays what will happen - what will be taken away.