3 ms·
Investment income depends on a functioning, growing economy. Even just maintaining stored retirement wealth depends on this. Think about prices for services w
by jhallenworld 10y ago
Investment income depends on a functioning, growing economy.
Even just maintaining stored retirement wealth depends on this. Think about prices for services when there are large numbers of rich retired people with needs, but few young people willing to provide them.
- pm90 10y agoThe answer, of course, is automation. Granted, a ton of thing may just not be possible with robots. But I expect that, just like Oil was the resource that boosted humanity, AI (and modern medicine) will be the resource that comes to aid the elderly as demographics rapidly change.
- tanderson92 10y agoIt does not depend on a functioning, growing economy at all. TIPS and Series I savings bonds require the U.S. Govt to not default on its obligations. They preserve purchasing power.