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And they’re going to have to fork over all that boomer money if they want us to take care of them. ;) Actually, perhaps not joking. Wouldn’t people with money
by Waterluvian 3y ago
And they’re going to have to fork over all that boomer money if they want us to take care of them. ;)
Actually, perhaps not joking. Wouldn’t people with money retiring cause there to be a growing wealth source in search of a sink? Do retiring people hoard savings as much? Why would they?
- chii 3y agoit could be that those retiring are quite productive (e.g., old but experienced etc). Them retiring, but perhaps did not train an equivalent replacement (which almost nobody does), and the firm hiring junior people, means that the total productivity drops. Therefore, if the demand for goods/services doesn't really drop (aka, that retirement money getting spent), but productivity does, it would point to inflation.