The explanation here still wasn't clear to me after several readings. They're showing that a bias towards social spending on the elderly was co-related with hig

The explanation here still wasn't clear to me after several readings. They're showing that a bias towards social spending on the elderly was co-related with higher overall debt. But I'm unclear on their explanation. Given they're talking about mortgage debt in particular, would like to see plotted against housing prices. Especially curious if certain kinds social spending helps shore up baseline housing prices by increasing aggregate spending, by putting more cash in the system but also by reducing foreclosures/bankruptcies. And most importantly, if seniors can stay in their homes longer -- because of adequate pension systems -- that means less houses dumped on the market. "Selling the family home so I can afford to retire" (aka downsizing) is a pretty common maneuver in the Anglo-American economies [where pensions are dubious]. When all the baby boomers finally liquidate their real estate assets, it should be interesting to see what happens to housing prices. in North America