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Why do you say pensions are paid for by the next generation? Money is a universal negotiable good. In principle, you work, you save money or invest it a pension, then you use it to pay your living costs when you're no longer working. In the meantime your saved money is available for other people to borrow. State pensions may appear to be paid for by the current workers but that's only because the saved money is used by Government to reduce the state's debt.
Of course, it doesn't always work like that. Inequality means not everybody can afford to save for their old age, and some that could save choose not to.
To get back to the prospect of a declining population, spreading resources more uniformly would help. Nationalism and racism, both currently been encouraged by those who expect to benefit, need to be stamped out. A huge amount of resource is used up competing instead of co-operating. The economic unit has become larger as communications improve, but the pace of change is too fast for a stable community to evolve. Voluntary euthanasia does need legal mechanisms; yes, they will occasionally be abused, families may pressure people into it, but the current situation is that people who don't want to live are being kept alive at significant cost, and that money could keep others alive. Life is over-valued among the haves, and very cheap among the have-nots, worldwide.
It’s a good +1 from me
The economic costs if sticking to current systems are outweighed by the environmental (and economic) costs of not.