The more fundamental point, made by William White, former head of the monetary and economic department of the Bank for International Settlements, is that the world is moving from an age of plenty to an age of scarcity. [emphasis added]
I have been worried about this in particular for the last few years. The upcoming global depression is going to collide with other serious issues (e.g. China will soon have a population older than Japan). The result is people all over the planet will become far poorer than they are now.
So, I have been operating under the assumption that I will never get to retire -- that I will have to work 'til I die. The only way I could possibly have the option of retiring is if Bitcoin reaches global adoption during the upcoming global depression -- which is not guaranteed.
Also, there is a good chance that the entitled Boomer generation will be forced out of retirement as their investments and social security become worthless. They will cry, "I worked hard all my life, so I deserve a retirement," with no awareness that their ancestors worked harder than them and few got to retire.
Retirement is a tricky thing, and it gets trickier every year.
The ever increasing waves of people getting into retirement age put a lot of economic pressure.
This is of course slightly different in different countries, but the basic principle is the same. There is probably not going to be enough money to support the retirement of the current working generation.
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