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I don't know that debt is the main problem. I can see more "valuable" (tricky word - for a different thread) economics run by fewer people. That happens all the
by creer 3y ago
I don't know that debt is the main problem. I can see more "valuable" (tricky word - for a different thread) economics run by fewer people. That happens all the time when you compare businesses: some are manpower intensive (sometimes for reasons hard to understand) while others are super lean.
I had the impression that harder issues are conventional retirement being paid for by the people working for the people retired. Even in an era of more valuable work, shrinking the working population while growing the retired population compounds the difficulty. The second is one of manpower outright: where do all the people come from who are supposed to provide services or living assistance to the older population? This is again an issue of compounding: several effects going in the same direction at the same time when any one might be easy to handle.