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It isn't just a problem for rich people, it is a problem for everyone who can save money. A growing population means that everything can grow accordingly (busi
by greeneggs 7y ago
It isn't just a problem for rich people, it is a problem for everyone who can save money. A growing population means that everything can grow accordingly (businesses, infrastructure, …) so there are good investment opportunities. If you can afford to save money, this means that there are productive things to do with that money, and you'll naturally get higher interest rates (and increasing stock prices, etc.). Higher interest rates aren't all good, but extremely low interest rates (like in Japan for the last ~25 years) aren't good either, especially if you want to save for retirement. Social Security isn't the only useful "pyramid scheme."