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But it funds their current lifestyle indirectly as without investments one would have to cut down on expenses to save more for retirement. If tomorrow investme
by witty_username 10y ago
But it funds their current lifestyle indirectly as without investments one would have to cut down on expenses to save more for retirement.
If tomorrow investments doubled money in a year, then people would work far less.
- phkahler 10y agoSo saving for the future "funds their current lifestyle"? I don't see a sarcasm tag on that.
- witty_username 10y agoNo sarcasm; I gave an explanation how that occurs indirectly in some sense. Essentially, with better investment earnings, you need to save less for retirement; which allows better current lifestyle. What would you do if investments doubled your money in a year?