I don't think it's true that "people suffer from lack of work, not lack of money." I do think it's true that "people suffer from lack of work AND lack of money

I don't think it's true that "people suffer from lack of work, not lack of money." I do think it's true that "people suffer from lack of work AND lack of money." That is, if you just give people enough money to survive, and nothing to do, they still suffer. It's not really valid to compare the experiences of old retired people and working age people (or younger). Age is a major complicating factor. And, at least in the U.S., we already give money to old people; it's called Social Security and Medicare. The question is, what do we do with 22 year olds who can't find work? What will the rest of their life be like if they go on the equivalent of Social Security and Medicare at 22? Anecdotally I think we all have a sense of the potential for problems when young people are too idle.