> Tontines don't solve the elephant in the room, which is that people are substantially undersaving for retirement. If they encourage people to save more, then

> Tontines don't solve the elephant in the room, which is that people are substantially undersaving for retirement. If they encourage people to save more, then they'll reduce the problem. They won't, however, solve the problem that people are simply spending too much. I don't know if anything can.