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Nah - that's more of a system of control. You can definitely have a poor country where people are not slaves to mortgages. It's called building your own house.
by coding123 5y ago
Nah - that's more of a system of control. You can definitely have a poor country where people are not slaves to mortgages. It's called building your own house. Many countries allow that.
- dotnet00 5y agoI'm not talking about mortgages though... Consider healthcare, usually older people need it more than younger people. If you have a higher proportion of older people in a population compared to younger people, you have a larger proportion of the associated costs being carried by a smaller proportion of the population, this means decreasing healthcare quality, increasing the pool of people paying in by increasing retirement age or increasing taxes. None of which are particularly good.
- coding123 5y agoMortgages are the number one cost associated with "working til you are very old". By far in poor countries healthcare is much more affordable than in rich countries. I think one of the main outcomes of rich countries is just increased costs for everything.
- deleted 5y ago[deleted]