Oh I remember that. It was one of the videos where he talks about how bonds are important. Also, there is just not enough money for them to pay out. The more the baby boomers reach retirement age, the more the payouts need to occur.
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Yep especially since pension funds are woefully underfunded and government programs are going to be stretched. With so little in people's home in terms of equity, they really have a difficult situation.
I think there is a race between technological deflation and all these people retiring. Will they be able to enjoy the cost reductions that we see as industries such as healthcare, construction, energy, and food get disrupted.
It might be too far out for many of them.
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