I see a couple of possibilities:
They’re not going to retire. As they age, if they don’t land on a lifelong career and progress the ladder at least a little bit, they’ll get to work in physically demanding jobs which will destroy their body and they’ll die before traditional retirement ages, or just at where older gens would retire. If they do land into some kind of lifelong career, they’ll just work till they die. Think: 85 year old programmers looking up how for loops work again…
Another fun possibility is that they will retire after having started saving at a later date but having no children.
Another one is having small savings and moving to poor countries, Africa may see an influx of such persons once South East Asian countries stop letting them in.
Still time for revolutions and complete changes of systems following armed revolts or wars though…
many possibilities ahead.
Yeah that first one is what it was like before social safety nets and pensions were a thing for those who didn’t have kids that could support them. It was enough of a problem to cause things to be changed
I see a couple of possibilities:
They’re not going to retire. As they age, if they don’t land on a lifelong career and progress the ladder at least a little bit, they’ll get to work in physically demanding jobs which will destroy their body and they’ll die before traditional retirement ages, or just at where older gens would retire. If they do land into some kind of lifelong career, they’ll just work till they die. Think: 85 year old programmers looking up how for loops work again…
Another fun possibility is that they will retire after having started saving at a later date but having no children.
Another one is having small savings and moving to poor countries, Africa may see an influx of such persons once South East Asian countries stop letting them in.
Still time for revolutions and complete changes of systems following armed revolts or wars though…
many possibilities ahead.
Yeah that first one is what it was like before social safety nets and pensions were a thing for those who didn’t have kids that could support them. It was enough of a problem to cause things to be changed
Why would SEA countries stop letting tourists in?
If they don’t want people living long term on tourist visas, just copy Japan’s model and say no if someone is obviously doing visa runs.
They were talking about immigrants, not tourists.