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8/16/2022 02:11:00 PM
> Retirees don’t spend as much as younger people, resulting in less economic growth and a higher reliance on other countries. You're logic on spending is all backwards. If older people spend less, then less needs to be produced. You don't need to "get it from other countries." Growth slows because you don't need as much. That's fine. The one place this is a problem is the proportion of the workforce in elder care. Sure there will be fewer baristas and more nurses relatively, but that hardly constitutes the end of the world.