I believe situation for long-term investing like retierement is getting worse. After all quantitive easing and low level of interests rate, the capital gains on safe assets are minimal accounting for inflation. As an aftermatch capital gains on everything else are getting lower. Years of 10% gains over long-time are over, even 8% looks over-optimistic over long term for huge amount of people.
Maybe our capital system couldn’t effieciently store so much savings while keeping reasonsble economic growth with ageging population.
At this point AGI and universal basic income may be the best hope for the bottom 90% of population.
Maybe our capital system couldn’t effieciently store so much savings while keeping reasonsble economic growth with ageging population.
At this point AGI and universal basic income may be the best hope for the bottom 90% of population.