I wonder how much of the economy is built on the (assumed to be) constant reinvestment through retirement plans that may be coming to an end? Like old people are constantly reaching retirement age and starting to pull that money out. If young people are doing the same, how much steam would take out of the economy?
I wonder how much of the economy is built on the (assumed to be) constant reinvestment through retirement plans that may be coming to an end? Like old people are constantly reaching retirement age and starting to pull that money out. If young people are doing the same, how much steam would take out of the economy?
Pension funds and retirement plans are massive, at least in the west.
https://coinlaw.io/global-pension-fund-statistics/ (apologies for the dogshit website)
It says that pension funds have $52 trillion worth of assets under management.
For reference, the total assets of all firms on the SP500 is $48 trillion