4 ms·
>focusing on the .00001% chance of collapse is foolish But...there's a 100% chance of "collapse". What's just stupid is preparing to live forever as a retiree
by vba616 4y ago
>focusing on the .00001% chance of collapse is foolish
But...there's a 100% chance of "collapse". What's just stupid is preparing to live forever as a retiree in perfect health.
Even a perfectly average life expectancy is only about ten years longer than standard retirement age.
Many people can look around at their extended family and know that living to be a retiree at all is about 50/50.
Even if you still insist it's idiotic to reevaluate saving for retirement, it seems to me that the current inflation is strong evidence that people are doing it and moving consumption from the future to the present. I don't think anything else can account for the magnitude of the change.