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It's worse than that. Not only will social security be more difficult to fund, but private retirement savings will also be more difficult. Saving for retireme
by greeneggs 5y ago
It's worse than that. Not only will social security be more difficult to fund, but private retirement savings will also be more difficult. Saving for retirement is much easier with a fast-growing economy in which you can get high rates of return. With a slower-growing, or even flat, economy, stocks and other investments should appreciate more slowly, too. (There are fewer good investment opportunities when the size of the pie is fixed.)
- NickM 5y agoA flat population does not necessarily mean economic growth must stop. Economic growth can still come from plenty of other places, like better infrastructure, technology improvements, various types of efficiency gains, etc. etc.