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No, fundamentally it doesn't really matter. Retired people consume but don't produce. They are fed by the economy of today, not by economy of the past. Whateve
by alexey-salmin 1y ago
No, fundamentally it doesn't really matter. Retired people consume but don't produce. They are fed by the economy of today, not by economy of the past.
Whatever you accumulate for retirement (cash, stocks, gold, state pension points) it only represents coupons for your share of the economy of the future. Details may differ but fundamentals are the same: it a promise that the future generation will share some of their yield with you.
- io4throwaway 1y agoRetirement migration will be common in the future, either to lower-cost parts of the country or to different countries altogether. It's happening right now with Spain or Florida, but it will get even more common.
- lobotomizer 1y agoLet the hurricanes wipe out the current batch and then move your hovel in to be the next, o happy retirement!