Skip to main content
No. of Recommendations: 0

It seems that the only solution here is to be selfish. Survival of the fittest. Those that save the most, live the best. Almost makes you want to stop "spreading the word" about saving for retirement. What if everyone got the idea to save 1 million dollars for retirement and actually did it? That million that you scrimped and saved and invested carefully over the years would be worth essentially nothing as everyone else could bid up the prices of things that you want/need.

This is a very interesting idea but I think does not hold as much water are you are postulating.

The reason is that people do not "retire in a vacuum". They retire in a living society- and in one which has been producing goods and services for a millenium.

Many people have paid off their house when they retire. Now it is irrelevant to them if the value of the house goes up, or goes down- it does not impact their mortgage payment.

These "capital infrastructure" costs have already been borne by the society before the person retired- the workers put up the walls, the electricians put in the wiring, and the plumbers put in the pipes. There is not shortage of them because the person retired.

Further, we are in a living society. If it gets especially pricey for someone to hire a nurse- well guess what- more people will go into nursing. a few people who were retired will go into semi-retirement to earn some extra money.

Further, people overseas will be willing to accept your cash money- and it seems that the amount of imports coming into the united states could pretty well take care of everyone with no domestic production at all- providing their is income coming from foreign investments of course!

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.