People don’t seem to realize that if you are retired and have a pension you DO spend a LOT of $$$ which in turn helps out the economy .The pension, Social Security, and 401 money retired boomers spend ( and there are a lot of boomers) is a driving force in the economy.
Yep. Intelligent youngsters will look for businesses which do the jobs aging folks are either no longer capable of or which they no longer desire to do for themselves, and thus get a slice of that pie.
The rest just want it handed to them...
People don’t seem to realize that if you are retired and have a pension you DO spend a LOT of $$$ which in turn helps out the economy .The pension, Social Security, and 401 money retired boomers spend ( and there are a lot of boomers) is a driving force in the economy.
Now imagine if the "Fair Tax" was imposed, chopping their spending power by a quarter - provided that they stay in the US. Simply moving to another country would restore their spending power, and remove them from a growing demographic that hates their guts for having money and living off of them via pension and the soon to be dead Social Security.
And you spend a lot less than someone who is working (typically). Because you needs are less. Most who retire either own the home or downsize, don't have kids, and don't have a lot of other payments. Retired people spend a lot, but a lot less than current workers.