No. of Recommendations: 2
Even if all were employed, I don't see how every working American could save 10-20% during their working years, plus have our GDP positive, when 2/3 of GDP is fueled by consumer spending.

Much of the rest of the world is still developing, so they can't afford to buy our products, so exporting isn't the answer.

And Europe is an example of social retirement programs being unsustainable for younger generations.

I think what we're seeing is that at our current US standard of living, the nuclear family concept and then retiring and aging-in-place is an expense that the masses in the future will not be able to afford, and people will probably be forced to share housing either with multi-generations to help with childcare and eldercare, or "Golden Girls" style of elderly pooling resources to share housing.
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