And much of that money will get poured back into assets...young professionals who work at firms that cater to retired customers will buy homes, retirement communities will expand and build more buildings, older people will sell their assets and rent instead, which means that someone will buy homes and turn them into rentals. I agree that many older people will be liquidating assets, but it just seems they'll shift to other parts of the population.
> And much of that money will get poured back into assets...
I disagree with using the word "much," that money is going through the filter of consumables and living expenses. The parent poster's point is that retirement destroys wealth faster than it is created. (Which is why that wealth was saved in the first place. To believe otherwise is to subscribe to the Broken Window fallacy.)
