> The elderly are far wealthier Ignoring the stats, please think long term about your implications. Let's imagine you are a young person. Your wage increase m

> The elderly are far wealthier Ignoring the stats, please think long term about your implications. Let's imagine you are a young person. Your wage increase means you have $20 to save for retirement, vs $10. However, if inflation remains average overall, by the time you get to retirement, your $10 buys $5 worth of stuff. On top of that, you are now old. A young person decides you are able to pay more because you've saved more (having had more time to save). Your $10 in retirement is reduced to $8, to buy $5 worth of stuff.