They will paper over it!!! Oh wait.....they have been doing that for the last 55 years......eeeeeeeeee 😵😳😬
The game theory is really spinning out of control but I can see it potentially bleeding out for another 10 years or so as people holding on to a little bit of something here as all the value long tails out.
There will still be a bit of family money that gets passed down and people later in their career might be able to hold onto their properties for a bit longer but a lot will also get washed out.
Most people are way behind in the next rotation. I keep hearing these various CEOs and randos saying to "become plumbers and electricians" that move would have been financially a decent move 10 to 15 years ago and now they can somewhat cash in but now there will be a huge over saturation in those fields and the women will still be ignoring those guys for the most part.
The country is broke as a joke and people don't realize how many times we have been lied to and how much the money has been devalued.
I saw a thing that was saying if you equate it to gold in 1970 minimum wage would have to be $176 / hour to be able to earn the same amount each week in ounces of gold.
Our work isn't worth anything even if what we are doing is 15X as complex as what someone would have been trying to do in 1970.
RE: Can We Afford the Baby Boomer's Retirement?