4 ms·

You think retirees are keeping all their savings in cash in their mattresses or something?

• 0xB31B1B 5y ago
  The point is, the things that make the economy work and grow is the production of things. Regardless of how many investments a retired person has, they by definition do not produce things.
  • throwawayboise 5y ago
    You need to have consumers to make production worth something. Retirees are consumers. It's basically all they do.
    • stickfigure 5y ago
      This is a variant of the broken windows fallacy: https://en.wikipedia.org/wiki/Parable_of_the_broken_window https://en.wikipedia.org/wiki/Parable_of_the_broken_window
  • jcranberry 5y ago
    You need investment to produce things and consumers to buy produced things.